Replies to post #1142 on InventaBioTech Inc. (fka INVB)

[zen222]

Well, if a reverse were to happen I would have to agree with your second option as it makes the most sense.

2) He and or the board may want to delay the RS until they first try to increase their stock price with some news articles or other PR activities. This would reduce the embarrassment caused by doing an RS and then finding a stock that is trading around $1-$2. That would be far below their goal of getting a listing on NASDAQ.

But I'm still not convinced one will happen. The language in the DEF 14C is crystal clear:
If the Board chooses to effect the Reverse Stock Split, it would be implemented by filing Articles of Amendment to the Articles of Incorporation with the Secretary of State of the State of Colorado.
https://www.otcmarkets.com/filing/html?id=13091030&guid=HRo8UnKWhGWKO3h

Still, nothing on Colorado SOS about a reverse split even though the logical action would be to implement both, name change and RS at the same time.
http://www.sos.state.co.us/biz/BusinessEntityDetail.do?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&masterFileId=20071480943&entityId2=20071480943&fileId=20188038363&srchTyp=ENTITY

And since we haven't seen that it's pretty obvious a RS won't happen anytime soon. I believe it's an option they can do later, if necessary. Their plan "B" if you will.

Many potential corporate actions/amendments are brought up for a vote but never come to fruition. Happens all the time. So unless Dr. Garvin has indicated differently, saying a reverse split will definitely happen is absurd.

Also, I'm fairly certain the good folks at InventaBioTech can chew bubble gum and walk at the same time. Meaning, the most difficult "paperwork" is over. The reverse merger was the big pain in their collective ass because of the audited financials. A Colorado SOS filing is a cinch and from now on filing with the SEC isn't that big of a deal. It should be business as usual with no interruptions in sales, services, research, etc.

Side note: the SEC will update the Edgar page for INVB.
Enjoy your weekend.