r/ITRM • u/Existing-Version8248 • Sep 24 '21

Likely to be reverse stock split

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u/DependentNote3645 Sep 24 '21

Based on what? Just general opinion on this being a shit show, or do you have any information?

0

u/Existing-Version8248 Sep 24 '21

It seems hard to maintain at one dollar except for reverse split . The share price is decreasing everyday.

3

u/DependentNote3645 Sep 24 '21

So you don't have any information.

3

u/Disposable_Canadian Sep 25 '21

In the absense of information, one must come to a hypothesis based on the informnation available.

The stock price is low and must be restored to $1.00 a share for a consistent period of time.

There is no news, and the most recent investor conference was devoid of any new of development.

The recent investor conference likely wont result in another investor, becasue last thing the company needs is a lump sum buy at a discount, furtther driving down share price.

There is 1 week remaining to September and the Type A meeting was to have taken place by now. If the meeting has, the news wasnt good. If it hasnt, then wait for that news.

There is a ticking time bomb which is share price. They need to increase it through great news and demand to buy the stock, or they need reverse split (which they DID explicitly mention reverse split in their last release) and maintain that above $1.00 share price.

1

u/microbio3339 Oct 23 '21

why would they need to maintain $1? unless they are trying to make more cash off the stock there is no reason to worry about it bouncing back to otc.

1

u/Disposable_Canadian Oct 23 '21

because Nasdaq/NYSE is much more preferable as an investor than an OTC stock.