AdAstra;
I appreciate your reply but perhaps I was not clear on my intention of my previous post.
Draganfly inc in February 2021 was trading at $18.00 canadian TSXV. They announced a reverse split of 5:1 to help them get onto the NASDAQ and as of August are now listed on it. They have posted record sales and the share price has continued to slide down to $3.26 canadian. I would have thought that a reverse split would increase the share price by 5 x roughly. Granted this may all be temporary but not so far.
My concern / question is; what chance would POET have in following Draganfly share price pattern if a reverse split would happen because it does not appear to have a guaranteed positive effect on the share price?
I very much agree with you on your 2 points which are;
1. We will not need to have a reverse split. (I used to think we needed it but I no longer think that)
2. It is good to temper our expectation on share price targets. I catch myself watching other companies see wild increases with much less potential than POET and keep thinking $15 - $20 is very possible. However anything over $3 and we should all be very gratefull of our leaders at the helm.
Thank you.