Replies to post #10524 on GT Biopharma Inc (GTBP)

[simon wagstaff]

I am certainly no expert on this.

:)

There have been several filings for the reverse split. It is clear they don't need approval from common shareholders. It will occur 20 days after they mail the announcement to shareholders. When that will happen is unknown.

There seems to be a minimum value a stock can have. MCET never went below .0001.


There is a lot more room to drop from say $4.68 than from .015 for example. The intent of a reverse split is generally to reduce share count, so more can be offered.

Likely still won't be able to short Oxis at the retail level, will find out.