Replies to post #6959 on Liberty Health Sciences Inc. (fka LHSIF)

[Sport47]

BTW, I went to the ACB Investorhub board. There is a PR re the split. Basically they did the reverse split in order to not get delisted per the SEC regulation which requires a NYSE Corp. maintain a SP value of $1.00 or more. ACB did a dilution back in May '19. They raised a ton of $ and had approx. $200M in cash on Mar. 31, 2020. I hope the move works for them. The sentiment on the board is negative. Liberty has issued 300M+ shares. I can't see a reverse split being more than 4-1. And, although I don't see many advantages for a reverse split, it would bring the SP up and possibly attract a larger following. Just food for thought. Truth is, I am hoping for another good quarter and that the SP moves up on good news.