Innovative Payment Solutions Inc (IPSI)

[Renegades17]

Climb back up to more rational levels



The revised R/S ratio actually makes complete sense if the R/S is used strictly to get to the minimum price for uplisting. It suggests to me that Corbett thinks they'll get the stock back up to $0.20 at the very least and hopefully a lot higher. I've already given my thoughts on the A/S increase, which I believe is being done to facilitate strategic M&A, likely to exercise the purchase option on Frictionless.

It was unfortunate that management either made an error or demonstrated poor judgment, but at least they corrected the mistake quickly. I do agree that they should have released the preliminary after hours, in which case they could have seen feedback and made the adjustment before any trades could have taken place.