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Post# of 700184
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JerryCampbell

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JerryCampbell

Re: learningcurve2020 post# 299898

Thursday, 08/13/2020 10:42:37 AM

Thursday, August 13, 2020 10:42:37 AM

Post# of 700184
Up-listing isn’t the only reason to do a reverse split. It can be a sneaky way of increasing authorized shares without having shareholders vote specifically for it.

Investors are on to that game. CYTR is a microcap biotech with a CEO who has pulled some crap on investors. They voted down his RS until it was revised to decrease share authorization proportionately.
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