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Re: abira post# 565

Monday, 02/25/2019 11:16:41 AM

Monday, February 25, 2019 11:16:41 AM

Post# of 1471
Looks like they DO NOT intent to use the additional 180 days...from Prospectus Supplement today

"Although we may be eligible for another cure period of 180 days after April 24, 2019 to cure the minimum bid price deficiency, it is likely that, assuming shareholder approval of the reverse share split at the 2019 annual meeting, our board will effect the reverse share split, if it does so at all, shortly after the 2019 annual meeting of shareholders and before April 24, 2019."


That would indicate to me that they feel the share price would not reach $1.00 even with the extra time, that would also suggest that news may not come as soon as we all think/hope it will. (soon enough to make PPS increase enough to comply)

I think I will ride this as high as it goes before the 27th then get out and wait until dust settles after the R/S. PPS usually drops after R/S. I may get back in then. (after 30 day period so I can write off the loss for the shares in my stock account)
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