Replies to post #14039 on CV Sciences Inc (CVSI)

[microcappatty]

I asked specifically if there were any particular variables that would influence the ratio for the split, such as, were they just trying to find any multiple that would bring the price close to $4. Jospeh Dowling responded by saying that they currently have no plan to execute on a reverse split right now. He said that they want to do this not just in connection with an up-listing, but also with a registered offering. As part of a registered offering, working with an investment bank, the bank may decide that $4 is just not an interesting number to do a deal with, so they may want to see something at $8 or $10, etc. Therefore, they wanted to make sure that they had enough flexibility with the ratio to be able to accommodate working with investment bankers.

I then asked "so since you said you have no plan to do a reverse split currently, does that mean in a perfect world you'd rather leave the share structure as is?". Joseph replied that unless things change dramatically, like the share price going up substantially between now and next year, they will need to do some kind of a split at some point to get to a price that is meaningful to institutional investors.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133018120

[chilling]

i did too, and voted against mona jr