Profound Medical Corp (PROF)

[fmrick]

"Anyone here profited from reverse split in the past?"

The short answer is Yes, sometimes it works. I all depends on why they are doing the R/S.

Here it does not bother me. In fact, when I started buying this a few weeks ago, I actually expected it. They have too many shares out.

They are doing this to get listed on NASDAQ. That is a great reason. While it might take a hit short-term, if the rest of my DD is correct, it will eventually correct itself and move to the right price.

There have been a lot of companies (small bios in particular) that have done this this year. Generally, they have not tanked, if you look at the stock a few months later. Some have floundered some, but generally they have held or moved up.

This is a long-term hold for me. But if it can get listed, it might spike and change my mind. If it has less than 12MM shares out, that is almost not enough. With that small float, news can sometimes cause a real spike.
GLTA