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Re: None

Thursday, 09/17/2020 3:59:54 PM

Thursday, September 17, 2020 3:59:54 PM

Post# of 4770
Odd Maneuvering..

Seems like a weird timing to have enacted the reverse split.
Had they already applied to NASD that would have been a different story. But, usually it's best to start the apply process, then enact the split. But some do the split then "anticipate" a NASD application.

Sure their business lines are doing well, but just not a good maneuver strategically. Stock was rebounding off that .50-.60 level & now seems like it wants to retest it.

Share Structure looks solid, outside of not adjusting the authorized which is bizarre if they indeed are seeking a NASD.

Like this play, but it sure needs that verification of application, else it's going to flounder.
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  • 5Y
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