Guided Therapeutics Inc (GTHP)

[GetSeriousOK]

When they do the reverse split in December, this is going to get weird. The float is going to be ridiculously low. Couldn't even fill a Christmas Stocking with that float.

The float as of 6/30/2021 was only 3.8 million shares. Assume they do a 1:20 R/S -- divide 3.8 million by 20... there's going to be less than 200,000 shares in the float.

Granted, they will issue more stock as described in the S-1. But that new stock won't go into the float.

At first I thought "no way they will do that proposed R/S, that would be folly," but then I realized that they ARE actually going to do that R/S, so I sold. I'm on the sidelines now. This could go either direction and my risk tolerance has dropped a lot lately. I plan to get back in when I see the FDA submission on the horizon but that's a year away now.

I'm still very impressed with this CEO and what he's done. GLTA who are going to hold through the R/S.