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Thursday, May 06, 2021 12:04:56 PM
If you read the PR, they state the institutional funder will be able to provide the capital in order to complete the transaction.
I highly doubt reverse splitting the stock would be a major part of deal initially as it doesn't make sense to do it down here, but we'll have to see. But let's think here logically, that even if they decide to go that route and shoot themselves in the foot down here at this pps, either way the value of the acquisition will add to the value of the stock, so maybe temporarily idiots will freak out and sell, but shortly after that, pps will go up, and prolly spike real good.
The value of your shares is the same before/after any split!
A slow pps rise would be ideal imo, but the way it's been sounding from the company, thier moving faster with executing growth plans, so maybe pps will follow suit to that. Have to wait and see, and not promote negatively until it happens. If you're looking long term, it shouldn't matter... so I'm excited!
My thoughts/opinions are my own, based on research & DD, best to find your own! I invest for myself/ family 1st, then everybody else.. the same as any business!
Please do not buy, sell, hold based on my opinion!
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