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octodb

09/07/22 1:43 AM

#135784 RE: Chasing #135783

Ugh, yikes, a reverse split is not necessary if the company brings in value with future 8Ks. Look at Apple on NASDAQ, over 16 billion OS but it maintains a huge market cap because of it's value $$

Chen Ren could've bought a different shell but chose this one. He didn't do that for only his wine company making under $2 million per year. More 8Ks on the way and no reverse split.

ANTI-BAGHOLDER

09/07/22 8:05 AM

#135786 RE: Chasing #135783

Be aware that there are zero (not one) company that has this large (massive) share structure on Nasdaq

nutrader2

09/07/22 9:21 AM

#135791 RE: Chasing #135783

why would management, who own the majority of the common shares want to diminish their own position? I don't think they have any intention of a reverse split and hurt themselves,,, LOL