Shorts are going to cover now
$TC BioPharm(TCBP.US$ 50-1 reverse split around November 2nd. Will leave only 400,000 shares on the market. At a price of $25.00 a share. Should run up to .84c before falling back to .49c by the time of the reverse split.
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102765799 : thanks sir, and is it better to exit before rs?
silverelf : Why does shorts cover and price run up before a reverse split?
Mcsnacks H TupackOP 102765799: Probably so because Its ADR’s and they Have some wild things they are doing on the Paperwork with shares.
Mcsnacks H TupackOP silverelf: Because the shares must be returned to the owners so they can Be exchanged for the new preferred shares.
Mcsnacks H TupackOP silverelf: Its not with all stocks tho. But it is for stocks that are ADR’s.
silverelf Mcsnacks H TupackOP: I see thanks