Saturday, August 04, 2018 11:52:18 AM
If they did say a 5:1 forward split that would make the outstanding shares 36.7M, with the Chinese owning around 36.3M(99%) of that, and around 450K share float. This would give them plenty for shares for equity financing while still keeping a share structure that is very attractive to US investors....and easily capable of reaching NASDAQ or NYSE uplisting price levels.
A forward split any higher than that and I think it begins to looks less and less attractive to US investors IMO. I think probably 15M - 35M is the ideal share structure because it can be reasonably liquid but also still have a high upside.
Recent SYQH News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 11:23:12 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/03/2023 08:02:08 PM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM