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dinogreeves

08/31/23 1:57 AM

#46867 RE: NorthPeak22 #46866

North, I get what you are saying, but you surely can't compare those big names with Delfin, those companies you referred virtually have very little competition, while Delfin has a boat load of competition in their respective space, also those companies have been in business since the mid 80's, forty years has passed. The reason the reverse split came up with me, is, for one, that will solidify the merger is imminent, if they wanted to list on Nasdaq, the only thing that will hold them back is share price, I am not saying reverse split to issue more shares, right now here, reverse split to list on Nasdaq and based on their EPS numbers with lower share count and PE ration the numbers would justify how high Delfin will go and the higher it goes, then issue a forward split, all depending on EPS numbers to justify an upwards movement. In one of your earlier post, you were referring to and comparing a similar situation is TEL*L, if I am not mistaken. Anyway to each his own, but I certainly don't want this to be similar situation is Tellurian, I want Delfin to continue to prosper, then, what was the purpose of all these work that they have done to come to this. Remember, Delfin is a start up, Delfin is not generating any revenues just yet. Reverse split, list on Nasdaq and see a couple of good quarters and if the numbers are justified then it will go up further and they will issue shares to institutions by way of direct offering and if the numbers continue to grow, do a forward split like the ones you mentioned. Those companies have blown away numbers consistently and billions, billions upon billions goes into their coffers, you can't compare those to Delfin, yes with time and more money needs to be spent to reach a fraction of those companies market cap, this is not overnight process, it takes time and money to move forward and be a dominant play in the sector. A reverse split for Delfin, is not as same as other scammy MUL*N chop shop, or host of other big board stocks that continuously take money out of shareholders bank account, INP*X is another one, there are so many of them. This is just for uplist and share count is already almost capped out, they have no choice.
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Dallas-Cowboys

08/31/23 7:41 AM

#46870 RE: NorthPeak22 #46866

NP those companies you mentioned have massive earnings to go along with their massive shares. Delfin will basically have little to no earnings for years so how will that go with 441 million shares no earnings when they do their EPS quarterly reports.
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LexTrader

08/31/23 8:42 AM

#46871 RE: NorthPeak22 #46866

I agree. I do not think a RS will be in the initial SS set up. Just the RM alone will bring the PPS up to listing standards of higher exchange
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krtek

09/12/23 2:16 PM

#46949 RE: NorthPeak22 #46866

NorthPeak, I have to thank you. As a girl just cutting her teeth on this penny stock, your steadfast DD is a rock. And I learn volumes from Dino. Bunch of awesome folks here. Best to all, and thanks.
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krtek

02/25/24 3:01 PM

#49403 RE: NorthPeak22 #46866

In late August, '23, there was discussion here on reverse splits. My huge thanks, as always, for this board's help sharing! For me, NorthPeak22's post summed it up well,, so I dug that up/replied to it here.

If I've read correctly, in early Nov, '23, SEC approved a NASDAQ rule allowing companies to give only 2 days' notice, down from 15 😳. Yikes.
cooleypubco.com/2023/11/06/sec-approves-nasdaq-rule-reverse-splits/
That same article also notes a very steep increase in the # of companies doing r/s in '22/'23.

I'm getting a little twitchy on the subject now that we're so close to action. Thinking I should at least have a contingency plan?

Wondering what you all think about that now.
And how best to know instantly, IF...

I still feel like a newbie after a mere year & a half here, so big thanks! y'all are the best