Hard to say how PPS will react. Most on here were in favor of split in order to raise the price to get more institutional investors and eventually uplist.
IMO it is a good thing as they understand that a 30:1 split at this point is excessive as when it was first announced the price was around .007 (30x.007=.21) we've already surpassed that price this past week. At this point I think they want to wait for the ticker/name change, April trade show, release financials, June WA recreational starting before going through with the split. Per the PR today
"That said, the Board may take up the matter again later this year for a smaller reverse split solely to set the stage for its movement to a larger exchange, but for now, there will be no reverse split."
To me this means they understand and are confident that the PPS will rise due to all of these events and that a split might not be necessary to reach the PPS requirements for a higher exchange. Or maybe at that point it will only need to be 5:1, 2:1 all depends on us a shareholders are where we take the price
News 
Market Data 
Discover 
AI
