Replies to post #28026 on Viropro, Inc. (VPRO)

[Bepractical]

The RS is to free up shares in the O/S that will then be used for issuance in the mergers. The degree of the RS is substantial because they want to up list and a minimum requirement is 3 dollars for Nasdaq Capital Mkts, and their intent is for multiple acquisitions. Before this announcement there was simply no where near enough shares available to perform any of this.

Even a hundred to one RS would have prohibited up listing and after 2 acquisitions you would have been nearly maxed out again. This is precisely the reason why the did not reduce the AS from 1.6 billion

[SidewaysTrader]

That's a interesting theory. I've been thinking that we are missing something about how this is going to play out.
Your right, a $30 pps will never hold up or even go up once the RS goes into effect but $3 - $10 my just work if enough of the right Pr's are released and we all know that there are more to come.
Many here have made a point of the fact that they need to be current before most anything can move forward, so we know that PR will be huge (or those PR's)
I know it's a long-shot but the filing is "preliminary" and can be rescinded, if this isn't receiving the reaction the company thought it would