Re: Yahoo poster claims a reverse split coming....
in response to
by
posted on
Nov 10, 2018 01:08PM
I should never have posted it in the first place...I just sometimes wonder whether brokers have an inside track on news like this, if there is going to be a reverse split there are things happening before the news comes down.
If a consolidation is coming (reverse split and consolidation mean the same thing) I think 1:3 is the ratio that makes the most sense. The PPS is $2.48 as of Friday for RVXCF, so close enough in my books to call it $2.50 USD. 1:2 would only get the PPS to $5 while 1:3 gets it to $7.50 USD.
Its been stated before, the signficance of being over $5 and how it would open up RVX to institutional investment....lots of funds are prohibitted from investing in stocks trading under $5
The thing is, liquidty is so incredibly tight now and trading so thin....take our volume of Friday and reduce it by a third and it might as well be nothing.