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Tuesday, August 25, 2020 3:28:31 PM
If a RS is done to get on the Nas then it could go either way. But the company would need to be so much more transparent and established before that move tho. Applying for OTCQB is just a first step. Hiring an actual CEO would be a second step.
We have to realize that first, they'd announce that an RS will be voted on at a future date. They can't just wake up and do it one morning. PPS would then sink on the day of that notice. We wouldn't know if they're going to be bought out or not. They're not gonna announce that until it's finalized. That's insider info. Once the RS actually happens PPS would drop as well. If I was a buyer looking for the best deal, I'd be in favor of Relief RSing first.
In many cases, an RS is followed with a capital raise so it's a double hit to the PPS. Relief could avoid this by lowering the AS when they RS. But I've yet to see that done in penny land.
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