Replies to post #98247 on Creative Medical Technology Holdings Inc (CELZ)

[justdafactss]

Yep just goes to show CELZ got jammed up in another lie---

The massive 1 for 150 reverse split was not an "option", it was MANDATED AS A CONDITION of the toxic note holders

This is what they first said-

The Purchase Agreement requires the Company to file a preliminary information statement with the Securities and Exchange Commission within 30 days following the closing to effect a reverse split
https://www.sec.gov/Archives/edgar/data/1187953/000110465919054379/tv531027_8k.htm

Then changed it to-

Reasons for the Reverse Split

The Board believes it is in the best interests of the Company and its stockholders to affect the Reverse Stock Split to reduce the number of our issued and outstanding shares of common stock and increase the trading price of the common stock in order to be eligible for quotation on the OTCQB Tier of the OTC Markets Group.
https://www.sec.gov/Archives/edgar/data/1187953/000110465920000842/tm201098-1_defr14c.htm

As evidenced, the market aint buyin it...71K shares traded so far.