Replies to post #36234 on Propanc Biopharma Inc (PPCB)

[swamp-rat]

My thoughts are with the latest 8K
Last paragraph says it all...prospectus offered....up-listing!!!

The Company’s Board of Directors will determine the timing to execute a reverse stock split, based on recent progress and anticipated upcoming milestones, including the:

· Expected completion of a GLP toxicity study for the Company’s lead product, PRP, and subsequent preparation for First-In-Man studies; and

· Execution of a strategy to address the Company’s capital structure, reduce debt and raise additional capital sufficient to progress PRP through clinical development.

By undertaking these steps, the Company’s management team hopes to better position the Company for an up-listing of its common stock to a national exchange to ensure the long-term future of the Company and create value for its stockholders.

[BAMF1984]

It will be at least 1:100, but probably closer to the 1:250 limit. To uplift they will have to stay over a dollar for 30 days. And factoring that stocks almost always tank after an RS, they will need that wiggle room. The stated AS target tells me they will secure more shares to sell at the same time as the RS. I cleared out almost all of my position in the .014s. Will look to reenter after the RS debacle is settled. GLTA