Replies to post #42879 on Quantum Materials Corp. (fka QTMM)

[Solar_Express]

Nice find, you are on a roll my friend. Great example of a beneficial R/S when moving to the NASDAQ or better exchange if Revenue is forseen. :)

[BigE1960]

Glad we talked about it! Thanks for the example.

[dms1]

AVXL also lost almost 25% of its value the day after the reverse split was announced. It closed on 10/5 at $1.90 and the next day after the split was done, it went down to $1.45 ($5.80 post split) It is also a company with a billion dollar valuation. and a long history.
Reverse splits can work in rare circumstances. The problem is, we are right now in no position for one. If the share price soars higher someday and gets beyond a dollar for awhile, it's reasonable to consider. If they try doing it now with no revenue and do a 1 for 25 split or whatever, we will be shorted back to the pennies in no time.

[catani]

"KEY is support and revenue"

In this case, probably not the best example. Avxl won't have revenues for years to come but it has support though. It is a story stock with a bet for an Alzheimer cure. A one trick pony so far