Hello gfp, Do you know what happens to the authorized share count in the event of a reverse split? Does it shrink in line with the shares outstanding?
I don't know as I don't have much experience with reverse splitting stocks. If the shares authorized stay the same, and if cortex is forced into a pipe, then I would think the chances of a reverse split would be much greater as they could raise a lot more money.
Should the authorized shares shrink in lock step, then it's a wash, but cortex could still do a reverse split, then a small pipe, and then increase the authorized count, which would look like a more respectable level of total authorized shares for future funding needs.
Just thinking out loud.
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