DarioHealth Corp (DRIO)

[goldenglove862]

The misprint is in the 5:1 part. It should have read 1:5. The company agreed upon this in June per the last 10-Q that was issued.

One thing to remember: A 1:5 split is very small compared to any other penny stock splits out there.

Two: If this stock were to rapidly fall before the reverse split, lets say .05 then the reverse split would only get the price back to .25. With that being said the point of a reverse split would have been pointless.

Three: The company as stated in today's PR will release an 8-K with further information about the Reverse Split. Only then will we really know exactly what is going to happen.

Four: The R/S to me is only insurance in case the investors wanted to convert their preferred shares. Which if they did they would own nearly half of the O/S and I seriously doubt they would sell to tank the company they invested in.

Everyone sees R/S and immediately things oh god this is terrible and wants to jump ship. My thoughts are that you will see a sell-off in the morning just because people read the words R/S. The PPS will recover and more than likely hover in the .08-.10 range til more news is released in the coming weeks.

Trade it how you will. I just don't see this company not succeeding in the long run. GLTA