DarioHealth Corp (DRIO)

[Penny Speculator]

The R/S will be executed on or before Oct 8.

DRIO News: Current Report Filing (8-k) 09/24/2014

4.7 Reverse Stock Split. The Company covenants that it shall, within fifteen (15) calendar days of the Closing, implement the Reverse Split.

The "Closing" is/was the '$4.2 Million Non-Brokered Private Placement Financing' LabStyle Innovations closed on Sep 23.
So 15 calendar days from the Closing is/would be Oct 8 at a maximum. That doesn't mean the R/S will happen on Oct 8, it means the R/S will/can happen any time between now and Oct 8.
We should be hearing further news on the exact date the R/S will be occurring as the company has stated they "will make a further announcement regarding the exact timing for the stock split" in/from the Sep 23 Closing PR.

Ever since the plan/idea of the R/S on Sep 23 the stock has held .08 and now .10 as support. There was never huge amounts of selling/dumping. And currently it appears the stock is locked up in tight hands as the biggest down day since Sep 23 was -8.64% on Sep 24, and volume has been low, under 7 million shares since Sep 23.

So this has been one hell of a steady, calm and levelheaded pre-R/S that I've ever seen. The stock is actually trending UP pre-R/S!
I'm holding thru the R/S and I am looking forward to it!