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Re: RIOgrande44 post# 75826

Friday, 05/27/2022 1:08:09 PM

Friday, May 27, 2022 1:08:09 PM

Post# of 81554
I can see where a reverse split would be viewed as a positive
in SNDD situation, usually company's are doing a reverse split
to avoid being delisted. In our case especially with the posting
of the huge contracts a RS could definitely be used to uplist to
a better exchange.
Depending on where our PPS is at the time would be the factor
needed to get the right ratio required. I don't think anyone here
would be too upset if we did a RS for the right reason.

Maybe a 1:5 or even a 1:15 of which all depends on our price
and goal at the time of the RS.

I've been in some bad RS stocks (lotto plays) that were barely
threading water and literally crushed the common share holders
with a 1 : 1000 RS,
I don't think that will be the case here with Redhawk.

PS: the 5:1 you have listed would indicate a forward split =
every single share would become 5, similar to what tesla did
in 2020. Their stock was $2,213 per share and they did a
5:1 split which changed the PPS to $442.
Cheaper shares allow better accessibility to purchasing
the stock.

D_DOG

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