Oct. 19 at 5:03 PM
$CHUC $KAVL $BYND @captainzoltar You really have no idea of what you're talking about, do you??
Reverse splits CAN be deadly... when they are reactive and desperate and accompanied by losses and failures of management.
On the other hand, when implemented STRATEGICALLY and PROACTIVELY, by profitable, growing companies -- with no warrants on their balance sheets -- reverse splits in preparation for an uplist can also be hugely ACCRETIVE to share prices.
I’m guessing that CHUC WILL initiate a reverse (already approved by shareholders in the 2024 proxy)… just before the company uplists. And I’ll bet you dollars to donuts, CHUC’s market cap will go UP on the reverse… and liquidity will skyrocket.
Unlike the clowns at
$VRSSF and
$XXII,
$CHUC management are pros… they have obviously been PLANNING these moves for at least the last 2 years.