The shares are currently trading around .25 Canadian, so barring the price dropping below .20 between now and the reverse split, management should achieve their goal of getting the SP over $1.00 Canadian post split. It's my understanding the shares have to be at least $1.00 in order for institutional investors to purchase shares, so Management wants them to clear that hurdle easily post split.
It wouldn't surprise me to see some buyers step in before the end of the day today. If they don't, I'll add more at the close or tomorrow.
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