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Re: ThePrestige1 post# 68506

Wednesday, 08/05/2020 8:12:32 AM

Wednesday, August 05, 2020 8:12:32 AM

Post# of 82665
Good Morning Peeps..

1) NASDAQ - Shareholders voted down the reverse split. It's apparent that shareholders want the stock price to earn it's way up organically. Dowling was a little disappointed by this but investors are happy.



I did vote on this and I too voted against the split. In my experience, a reverse split really is never a good idea. Yes it would have driven the share price up to where it qualifies for NASDAQ but it does so at a cost. Never mind the obvious that we all own a percentage of what we once did in the number of shares, but the negative perception takes a long time to over come. That, and it only gives the stock room to drop back to where the split took place.. I have seen other stocks do just that.

To me, its crazy that the stock price is where it is today. It should be above $2 easily in my humble opinion, especially compared to the rest of the sector. Tilray at $8.70? Really? I mean, come on!

I plan on hanging out here more now that I am back and I wish everyone the best.

A fool and his money is a friend indeed.