Reverse Mergers & Low Float Plays

[Potse]

BGLC...playing the round up feature......

I bought 1 share of BGLC in two of my accounts ahead of the anticipated 1:12 reverse split and Nasdaq uplisting. The S-1/A filed on July 5 included a round up feature that was not in the previous amended filing back in May. Assuming this S-1/A gets declared effective (or that round up feature survives any future amendments), the risk/reward playing the round up looks pretty good to me.

If things go according to the plan, I should be getting a total of 200 shares of the post-split shares for basically just the cost of 2 commissions. Not sure when the shares will become available in my brokerage accounts so I might not be able to take full advantage of any immediate run/spike following the uplisting, but my cost basis on my position should end up being well below 9 cents per share. So that minimizes the risk substantially and provides the opportunity for a pretty nice return on my investment if BGLC experiences the kinds of runs/spikes that other Asian-based stocks have enjoyed.

14,480,845 shares of common stock (assuming the completion of our proposed reverse stock split of the outstanding common stock of 12 for 1 immediately upon our common stock’s listing on Nasdaq, in which fractional shares or odd lots (less than 100 shares to any record or beneficial holder) issuable in the reverse stock split shall be rounded up to the nearest whole share, or rounded up to 100 shares, respectively).