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hub2011

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hub2011

Re: timboarder post# 1889

Wednesday, 08/05/2020 8:58:49 AM

Wednesday, August 05, 2020 8:58:49 AM

Post# of 2020
I think the institutions that wanted out, sold their positions awhile ago. I do agree that reverse splits can have a negative impact, but in this case the price will be high enough to bring back in the institutions. The shorts have been pounding this relentlessly. Hopefully the rally in crude, as well as this morning’s conference call, will give some reason to squeeze the shorts.

After all, the share price already qualified to maintain it’s listing status, so I’m not sure why they would go ahead with the reverse, unless there was some kind of kicker.
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