InvestorsHub Logo
Followers 112
Posts 9992
Boards Moderated 1
Alias Born 10/25/2012

Re: Maddy2 post# 260810

Saturday, 11/02/2019 10:05:46 PM

Saturday, November 02, 2019 10:05:46 PM

Post# of 346656
Maddy, the reason for the reverse split, if any, would be to make a jump to an exchange such as the NASDAQ if the stock'S PPS doesn't quite make it to $3 in the future and is trading in OTCQX market tier at that time. The reverse split would automatically allow the stock to have the required PPS price to be eligible to get into the exchange (NASDAQ requires a minimum of $3 PPS on the bid). Hope this helps.

$FUNN

If you have to really convince yourself to own something... you shouldn’t own it.
--Ian Cassel