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Re: Sport47 post# 6959

Thursday, 04/16/2020 3:55:30 PM

Thursday, April 16, 2020 3:55:30 PM

Post# of 8412
BTW, I went to the ACB Investorhub board. There is a PR re the split. Basically they did the reverse split in order to not get delisted per the SEC regulation which requires a NYSE Corp. maintain a SP value of $1.00 or more. ACB did a dilution back in May '19. They raised a ton of $ and had approx. $200M in cash on Mar. 31, 2020. I hope the move works for them. The sentiment on the board is negative. Liberty has issued 300M+ shares. I can't see a reverse split being more than 4-1. And, although I don't see many advantages for a reverse split, it would bring the SP up and possibly attract a larger following. Just food for thought. Truth is, I am hoping for another good quarter and that the SP moves up on good news.

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