Barge
Are all the shares outstanding and Authorized going to be reduced by the same ratio?
If not, I would suggest that what will occurr is dilution to the current shareholders to an extreme.
Also, look at the SP today and compare ot to two weeks ago. This is the very kind of thing that occurs with announced reverse splits pending.
As someone mentioned earlier, perhaps 1:4 will not be enough to get the SP UP to where it satisfies the NASDAQ rules.
One final point for consideration please.
I will be the second person in line (after you) shouting BRAVO if there is really compelling strong news AND revenues that will cause this stock to be noticed by ALL investors, not just institutions, resulting in the vertical climb of said SP.
That being said, however, weets and many others, including myself, have said the same thing about the impending strong news based off indications from the very same executive of Wavx, only to, well, you know what did not happen.
The sky is falling, the sky is falling. Call me from Missouri, the show me state, but I will believe it when I see it. Been burned way tooo many times before because I allowed my optimism to get in front of my pragmatism.
Lastly, thank you for your compliment and kind words.
I really need to work on being less feisty. That really isn't my style.
My best,
micro...
