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When is split coming? Before or after merger? September 13 or October?
Does NXPL plan to do a reverse split after the merger?
Thanks SF
As I am a novice, could someone explain what happens to RXMD shares now that the company is operating as a unit? Thanks in advance.
Thanks SF
If the market has shown no interest in this as an IPO (as have most IPOs for a year) , then WHY the horrific reverse split? They would have known this on Dec. 30.
I hope the price increases A LOT so I can sell before the split. The size of this RS is hideous.
Would they be buying more shares in hopes of a reverse split or stock price going much higher with news? What’s your guess?
Nearly all the IPO’s over the last few months who listed between $4 and $6 are now under $2. Doesn’t make a RS to get us to $5 very attractive.
Thank you Jagman for reminding me.
I know the quiet period ends 40 days after the filing of the S-1 but does anyone know what date that will be?
Thanks Gedi
Thank you Mike
As a relative newcomer to OTC, I’m trying to understand that with the cost of fees to uplist and the possibility of being delisted if the pps isn’t maintained, why would a management team not have big plans to be successful? They wouldn’t. Anyone who has the funds to do so should be buying at these levels.
No, don’t know his name. I remember he stopped posting on Twitter when they banned Trump and he went to Parler but I didn’t see any posts from him.
I have been wondering the same thing- if anyone knows please let us know.
James P you are 100% right. Without a viable merger or some other plan up listing won’t make sense. If the quiet period is nearing the end, they need to give us more information before the proxy vote is due.
Doesn’t the SEC have 45 days after the filing of the S-1 to approve it? Isn’t that in about 12 days?
Originally I was hoping to keep my shares after we went to NASDAQ. At this point, I’m not sure that will happen and I’ll sell if and when the price can ever get to .30. I can’t afford to keep them if a reverse split is how we get to NASDAQ. Fingers crossed we all vote down the split.
Also received proxy for one of the accounts I have shares in- RS is for 1 to 10 up to 1 to 250. I voted no as I did last time.
I suggest we all call Armen to let him know we cannot survive a RS when the stock price is this low. Anything greater than a 10:1 reverse split will wipe out longs since I doubt the price would ever get high enough on NASDAQ to make it worth while for us. The news after Nov. 15 will have to be exceptional to get this price up. Then we can talk about a RS.
Agreed Gedi. Nothing has fundamentally changed in the company and today is an over reaction to a pr that seems a little strange. We know great things are coming and hopefully we will hear some of them next week.
I agree. The stock price needs to grow organically and it will with good news coming. They can still come to us for another uplist vote down the road.
Stockforce, please stay on this board- I have appreciated your posts over the years!
RXMD- Thanks Gedi, good to know.
Management wants the PPS to be $5, either organically or through a reverse split so that we can uplist to NASDAQ and attract institutional buyers and get loans from reputable lenders. No sinister motive here.
I’m also holding millions of shares for many years and haven’t sold any. But if I could I would be buying up shares like crazy now at this price. I get that institutional buyers want to see SEC filings, but didn’t we trade 48 million shares when it went up to 9 cents a while back? That was retail buying. I guess my original question was rhetorical- it’s just crazy that people don’t see what a bargain this is!
Why isn’t there interest in this stock ahead of what promises to be great news? Only 200k shares bought today? This is soooo frustrating!
It was a buy.
If we get this to $1 then we only need 5:1 split to reach $5. Let’s all keep our fingers crossed!
They have to PR this. It’s a big deal if the debt is gone.
Yes, it was like a wink and a nod. Hopefully Monday brings volume.
Their lack of info was a clear message that news is imminent without them actually saying it and getting in trouble.
True- want to sell some before cap gains increase. Are you still planning on keeping 30% till after uplist?
Yes, feels like forever! Didn’t sell any in 2018 either- wish I had.
Glad you’re back INSTA! Been reading your posts for years, glad you’re here on this board. Have owned RXMD for 9 years. Looking forward to this run!