Sep. 13 at 9:09 PM
$CDT TO ALL: I don't understand why there are so many posts concerning this stock performing another reverse stock split after having had just performed one.
I don't think many understand the 250 to 1 cumulative ratio ruling that the NASDAQ has over the time span of a rolling two-year period.
On March 27th the company executed a 1:25 RS
On July 20th 2026 they executed a 1:10 RS
25(1st RS) x 10 (2nd RS) =250
And yes the correct mathematics is that you multiply the ratio. You don't add the two together.
By hitting the combined ratio of exactly 250:1 ,
$CDT , NASDAQ will not authorize an additional split. The company can appeal to the NASDAQ hearing panel to remain listed sighting specific reasons why they feel their share price will organically climb back up and over the
$1 minimum bid threshold, but chances are they will be denied and delisted down to the OTC
