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ok so your example you own 100k shares at .20 cents before the split.
Which is $20,000. Now you own 110K shares at .18 Which is $19,800
I know you will then say well im not selling at 18 cents but that is not the point. You don't gain anything free. if you end up selling your whole position at 50 cents down the road its equivalent of selling it at 55 cents if they didn't do the split. This is why the sec sets RECORD dates for splits and dividends. Next your going to tell me when a stock pays a dividend that is also free money. We can all be hopefully for the future of lexaria but lets call a spade a spade. If they were going to be bought out by another company for lets say 100 million which is $2.50 pre split then the offer would end up being $2.27. You get to the same number my friend.
Not sure how you think a forward split gets you something for free. If it was that simple every stock would do this all the time.
Most here are long term holders from what I read and im in that boat too. But my point it whatever the price is that I was thinking of selling my position its now 10% lower to adjust for the split.
Bunka buys another 26,000 shares. And people think they are smart dumping split shares!!!!!!!
First off I'm trying to explain it to people thinking they got something for free that isn't the case. You own the same amount of the company. Valuation is how people look at companies. EPS PE RATIOS etc. why do you think when hedge funds or activists take stakes in companies it's %. The entire stock market is based on what someone values a company at. Why does blackberry trade at their level vs coke vs google vs msft. It's what someone is willing to pay on a particular day.
You couldn't be more wrong with 2nd paragraph. Share price is easiest part of uplisting because you can do a reverse split. Lexaria is not uplisting in the foreseeable future. They need much much more stockholder equity and many other things. Independent board and so on. People get way to stuck on oh we need $4 to get on Nasdaq.
You say there's no meaningful way to value lexaria at this stage but then say look at Lexarias market cap (valuation) others are higher with less value so lexaria should be higher. Here's a question. What if your wrong on the other company and they have more value or maybe the company is worthless and lexaria at this legal is fairly valued.
I own a large amount of lexaria but I can still look at things and question the company.
this post is exactly what im talking about. You own the same amount of the company as you did. Its not that hard to understand. The outstanding shares was just under 40 million now its just under 44 million.
So if you owned 1 million shares before the split you own .025% of the company.
Now split happens and you get your "100K free shares" and have 1.1 million shares
so guess what you still own .025% of the company.
Why didn't he do a 2-1 split or a 10-1 split and makes us all millionaires with just doing a corporate action?
I'm a longtime shareholder I just thought there was a purpose for this like a news announcement that would have this make more sense.
not many people own paper certificate shares. all electronic held shares are converted automatically. Second people are very confused. You still own the same % of the company before the split. There is no free shares or extra 10% bonus. To put it simpler a 100 stock does a 2-1 split you own 100 shares at 100 that = $10K. after the split you have 200 shares @ $50 still = $10K.
splits over volume remains nonexistent shares available for 20 cents and nobody wants them. What was the point of this
be nice if the company put some news on whats in store for 2016.
the split isn't making too much sense to me. If there even are shorts it didn't create this massive short cover rally because the volume was nonexistent. Everyone keeps saying "free shares" there are no free shares you own the same amount of the company you did before the split.
someone take this stupid person selling this 25k block out already.
thats not true buyers can buy like normal.
shorts would have to cover first. If we got some bids here during this transition since many dont have shares in account yet this could go on a major run and shorts would be forced to cover by broker (out of their control) The standoff isn't helping anyone. This could be well over .50 with a little bit of buying
news today on what they expect for 2016 would of been perfect.
shares offered at 35. those shares under 20 look real good right now
Im not saying he will just that there are other more important things they would need to take care of first.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the regular bid price at time of listing must be $4, and there must be at least three market makers for the stock. However, a company may qualify under a closing price alternative of $3 or $2 if the company meets varying reequirements. Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360. Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
Listing Standard No. 1
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.
Listing Standard No. 2
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Listing Standard No. 3
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million.
A company has three ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area like revenue. This helps to improve the quality of companies listed on the exchange.
It doesn't end there. After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting. Again, the exact details of delisting depend on the exchange.
$4 share price but that isn't the only thing they need. Share price is the easiest to achieve because you can do a reverse split to achieve that. You need certain amount of stock holders equity and a few other things.
why do you break up your orders into those small increments. Is it worth paying commission on a few hundred $ trade
An hour and a half into the day and 100 shares traded. pretty sad
If those dates are correct then buying today would not give you the forward split shares. But remember those dates haven't been approved yet
patents were filed in june 2014. Probably won't see final approval till atleast a year from now.
even if it was AON assuming its not for hundreds of thousands of shares. The market maker would give him the fill then take the shares on ask and make the difference
thats impossible. You would be filled much lower than that.
if certificate holders didn't redeem by that date then they wouldn't get the split shares. They would keep what they currently own.
also mm's definitely read the PR's.
Bottom line without buying interest this split is going to be a nonevent. If your short you need a reason to cover or be forced to cover. If a stock goes up a lot and those shares which are borrowed ended up being sold then they are forced to cover. When this stock struggles to trade 100,000 shares there isn't much of a rush to do anything.
If bunka was smart he would step in and buy 1m shares now before the split to control even more.
this is only if you have a paper share certificate. Im sure 99% of people in lexaria have their shares electronically with a brokerage which gets automatically converted after the ex date.
the MM is facilitating the trades. when you put a order in buy/sell you will see your order posted with a MM whichever your brokerage uses.
chris bought 20k shares total 12-2-12-3
you do realize if someone is short 100K shares before the split and they don't cover then afterwards they will be short 110K shares.
i said this when it was stuck in the teens for so long. These prices in the low 20's will also look like a gift in a few months from now.
highly doubt that because bids are out there that are hidden and more would come in if price dropped.
I don't even see the coffee or hot chocolate for sale on the website. Also I only see one holiday basket for $15.
I don't like how on the main lexaria website you can't order the products. There should be a link to click to bring you to the vipova and lexaria energy foods website. Or it should be able to purchase on main website too.
exactly what they wanted I wish this split was happening sooner
after this .23 order .25's are up. I bet we close near HOD again
I think they are pressing their shorts
yup he just hit bids. Now .2399 then .255 .257 then .27
lol look at the market cap. this could be bought out for a few 100 million down the road. good luck to you
trying to scare people into selling now with that spread. I think we close over 30 today
No the outstanding shares will go up 10% It's a 1.1 -1 split not a 2-1 split.
So 40 million shares would go to 44 million shares.
more than double the average volume and HOD close. Very Nice how about a close over 30 tomorrow.
WOW 39K just went off high of day BID above that