$SNDL May be once the market opens they will bid the price up. I think the company is expecting a significant move only in Q1 when the last batch of convertibles will extinguish...If my theory is correct, they will apply for a Nasdaq extention and wait for the share price to appreciate above a dollar, then do a R/S. Then, one may ask if it’s above a $1 why do a reverse? The rationale behind it’s not compliance with Nasdaq mimimum $1 bid, because they can extend up to 180 days or the company can attain it alone . The sector is very much in vogue and if post split they can bring it to $10, it’s a lot easier to lure in the smart money. Let’s face the smart money don’t touch anything below $5, much less below $1.
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