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Friday, March 01, 2024 6:52:20 PM
If they considered a 1 for100 only...or any combination lower, then such would be a waste of time. Just think if they stated that and then had to adjust later and make it larger. No way. Now, they can adjust anywhere they choose...and such can be lower than stated given that it is solely for the listing. Again..it's currently based on a .01 - .0001 price range with a $10 IPO target price.
They need roughly $5 minimum....but I don't want it that low. Granted...if it works for them..then I am good to go :)
The OTC quotation link and venue has never been this pitiful ever. Anyone that has played this back to the old BB days should understand this. The OTC has been cleaned up hard and aint' going back to those old 20 bagger' single day junk plays like back in the early 2000's
It's been dying hard since 2015 and last year mixed it up hard. For the better...but it's fucking dead. Nothing but shells...and when I say shells...way more than wanted.
Fuck this venue..and move it up and hopefully get one of those bs automated runs that have been going on recently on low floaters. Those ones are not happening in this venue and the garbage short term lending is getting axed....which means no more "junk bonds"...lol.
!!ps the small round up lot is something everyone should consider.
Case in point:
Fractional shares will not be issued in connection with the Reverse Stock Split. Each stockholder who would otherwise hold a fractional share of Common Stock as a result of the Reverse Stock Split will receive one share of Common Stock in lieu of such fractional share. If such shares are subject to an award granted under one of the Incentive Plans, each fractional share of Common Stock will be rounded down to the nearest whole share of Common Stock in order to comply with the requirements of Sections 409A and 424 of the Code.
Plan accordingly...... the best you can.
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