InvestorsHub Logo
Followers 36
Posts 10832
Boards Moderated 0
Alias Born 08/09/2017

Re: None

Thursday, 09/12/2019 10:56:23 AM

Thursday, September 12, 2019 10:56:23 AM

Post# of 15206
The share price is back to where it was the day the reverse split was announced. The purpose of the split and a raise in the A/S is to allow the company to sell shares and raise capital. It is that simple. They could have raised the A/S to a billion shares, but nothing throws up a red flag like too many shares outstanding. Management is perfectly aligned with the share holders here.