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Re: Alydyr post# 14436

Saturday, 06/14/2014 9:12:39 PM

Saturday, June 14, 2014 9:12:39 PM

Post# of 97085
I have a question. Lets assume the OS is 50 to 75 MIL. Since the last count was around 34 MIL.
Why would they do a reverse split on such a low OS?

Even at 100MIL. to would only be 20% of the AS. Most OTC/Pink Sheet companies usually reach there Authorized Share structure 500M, 1BIL + or close to it only to do a reverse stock split almost religiously over and over. This company did this, I believe only one time, in its existence....

In this scenario, I can't see a reason to do this. Any thoughts?

I know companies sometimes use a reverse split to uplist but currently its not needed here. To uplist to the QX platform as the company has previously stated. One of the requirements is a constant PPS of at least .10 for 30 days.

JMHO.

GLTA!!!!!