Friday, January 28, 2022 1:14:31 PM
I have seen some R/S that created that illiquid scenario you presented. But most times the company go ahead and run right into it without regard. For ex GAME/TOMZ those two did 1:15, 1:8 respectively for their uplists. They brought their O/S down to 15M & 19M, got their uplists done & both are in dire straights after getting uplisted. I suspect at a certain point the "float" just becomes hedgies/funds/etc playing circle jerk with one another. The whole "float is locked" is the ole loch ness of the markets LOL.
If their aim here is to get to a 50M O/S company, then they will do what it takes to get that, and at the moment that will require an R/S. WE shall see..
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