Re: A Special Meeting of Shareholders?
in response to
by
posted on
May 30, 2024 09:57AM
"I couid see 20-1 - maybe IF they announce a 100 million finance/partner/deal of sorts at the same time for a buck or higher we hold or climb SP wise??"
Any reverse stock conversion would not allow much financing to take place without giving away majority interest in RVX.
They are caught between a rock and a hard place regarding huge financing for a BOM2.
A 1-20 reverse split would reduce outstanding shares to ~ 15 million. (6 cents X 20= $1.20)
Koo