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Friday, September 16, 2022 5:31:40 PM
Here's 3 examples of companies doing pretty much what I call an involuntary RS now. All 3 are doing it to ensure their chances of continued listing on the NASDAQ as it says to in the PR.
Some smart investors even like involuntary RS because it's an opportunity to make lots of money. Notice ADTX doubled the day after it was announced?
Smart investors know why.
As been stated, there is a BIG difference between involuntary RS and voluntary RS to seasoned investors. Companies that do a voluntary RS to uplist with catalyst and exponential revenue gains do really well like I expect Todos to do which is why I made and investment.
Aditxt, Inc. (Nasdaq: ADTX) Announces 1-for-50 Reverse Stock Split Effective Pre-Market Opening on September 14, 2022
Tue, September 13, 2022 at 3:15 PM
https://finance.yahoo.com/news/aditxt-inc-nasdaq-adtx-announces-201500234.html
Sonnet BioTherapeutics Announces 1-for-14 Reverse Stock Split
Fri, September 16, 2022 at 7:30 AM
https://finance.yahoo.com/news/sonnet-biotherapeutics-announces-1-14-123000916.html
Nabriva Therapeutics Announces Date of 1-for-25 Reverse Stock Split
Thu, September 15, 2022 at 6:01 AM
https://finance.yahoo.com/news/nabriva-therapeutics-announces-date-1-110100751.html
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