Neovasc Inc (NVCN)

[mario3349]

The reason for the reverse spit is simple for two reasons: 1) brings shares outstanding down to 17 Million O/S at over $ 2.00/share to satisfy NASDAQ requirements and 2) So they can sell a ton of shares for $1.50 a share or more to get more capital for the company to run on since they are only making under $500 Thousand in sales per quarter. It's the only way for them to stay in business. It's simple, see. All companies in NVCN's spot do the same thing to survive, at share buyers expense. It's just sound business. Shareholders get screwed and NVCN does just fine... Just keep watching... you will see, I'm right. Shorting this is the only way for share holders to make money here. Good luck!