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wadirum1

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wadirum1

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Re: mick post# 372

Thursday, 11/15/2018 1:22:57 PM

Thursday, November 15, 2018 1:22:57 PM

Post# of 730
INUV is currently on AMEX. The company buying them is CPT, which is currently one of Time Inc's 100 fastest-growing private companies. When they close the INUV deal, they will do an IPO on NASDAQ. (They will also be cross-listed on the Toronto exchange, because the investment banking support for this deal happens to come from Toronto.)

INUV was trading down at 40c and below because people were afraid AMEX was going to boot them off for failing to maintain a $1 share price -- either they were looking at being booted off or they would have had to reverse split their shares. This deal with CPT solves that problem.

I am obviously NOT an investment advisor.

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  • 1M
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