I'm new here, and this might not be anything special, but I sent a message about the possibility of a reverse split, and if so, when are they predicting it to happen. This is the reply I got:
Jeff, we have been in the process of effecting a reverse split, among other things. We filed a notification of corporate actions with FINRA on or about October 2, 2018, and, we have been in the process of preparing the extensive number of documents and other exhibits that FINRA has requested of us. The record date was moved forward beyond the previously announced date and the ratio of the split down has been amended. More information will be available on our website, which I really anticipate us getting published next week. Thanks for your interest in ENTI. -Randy Hudson
I then mentioned that I've heard most companies dont fare to well after a reverse split, to which I got this message:
Jeff, I'm not a stock broker, so I can't offer you investment advice. Moreover, Encounter can't comment to shareholders as to how their investments in the company will fare. I will state, however, that the total value of the shares you own on the record date will be the same value of the number of shares you end up owning immediately upon the effectiveness of the reverse split; you just won't have so many shares to trade. If Encounter doesn't effect a massive reverse split while pursuing its plan of operations, Encounter's stock will never have the per share price needed to trade on NYSE American, TSX, and the SSE exchanges. The goal is to get off Link ATS and away from OTC Markets. Thanks for your interest. -Randy Hudson
Just wanted to share that with you guys. Good luck to everyone here.
