Aug. 30 at 3:02 PM
$ZOMDF in terms of a reverse your both right. However in the context of
$ZOM it would/still work. Most biotechs use it simply as a means to be eligible to raise capital as most bio’ have six years of burn. When your repositioning a company in new light and it’s growing and has interesting assets that funds would like to own but can’t then it’s a different story. This co has no coverage and no intuitional shareholders and no index funds. This co isn’t
$LH but in 2000 they did a 10/1 reverse because they were making progress in the biz but weren’t getting attention bec nobody could invest in a sub 1 stock. Zom needs to do this. They should do a Dutch tender offer for shares first, which would eliminate the holders not on board for a reverse. On a sum of the parts this should be at .20 today. Perhaps they just sell the co instead of even as someone mentioned a crypto treasury may even send this back to
$3 again lol.
