ArgusDune1971
Oct 24, 4:11 PM
$BEAT
The reason for my expecting a reverse split are pretty clear.
If the company wanted to save the listing organically I(above a dollar for 10 days without a reverse split), they would be doing whatever they could possibly to get the stock to go up now.
They clearly don't care because they have a different aim. They want to get rid of retail (the baggies) because the real money they want from institutional investors will not touch a stock that is loaded down with bagholders.
If I can use Briacell as an example they will probably pull a reverse split in January to avoid any tax implications.
Speaking of Briacell
1. Offering in September 2024
2. Offering in December 2024
3. Reverse split in January 2025
4. Offering in Feb 2025
5. Offering in July 2025
6. Reverse split in Aug 2025.
Add to that that even before all of that happened in 2024 and 2025 whenever they had a favorable report from the FDA the stock dropped every damn time.
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