$SNDL Inc (SNDL.US)$ I heard that the reverse split is in Q3...
$SNDL Inc (SNDL.US)$ I heard that the reverse split is in Q3 if nothing have change. If the price went up to $1 then there is a change that they won't do a reverse split? Am I rite? But then again I think everyone will start selling of at $1 then the price will drop very fast again. Unless they can boom above $5 or more than the price can be secure.
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Hoping my money can grow big like tree and drop money from the tree into my pocket. Huat ah!!
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NoGreedy : If they able maintain 1 dollar above more than 10 days before 8 August, no need do reverse split.
If they fail to maintain 1 dollar above more than 10 days before 8 August, they may do reverse split in 10:1 or 5:1.
The bad thing for reverse split is even they exceed 1 dollar, the short may take advantage of it.
I will take profit once they boom to 1 dollar, won't marry the stock...
RyJTelecom NoGreedy : very rare I say this but everything you said was pretty accurate. I'm waiting for that 1$ and be out too. I've been through 2 reverse splits and each time bottomed back under. I am kind of tired of this stock honestly
Sprockett RyJTelecom : I have seen reverse splits work out. However if the sole reason is to raise the stock price and there is no substance to back it up then expect the stock to continue a decline. SNDL has increased their revenue stream and it just happens to be a mature company they purchased so it is consistant cash flow accretive to the bottom line. The cautious part of this tail will be their next conference. I will be on that call. The company needs to report solid earnings and be executing on their plan they have no margin for error. This is make or break time. It is like Amazon back in the day, if Sundial meets or beats on that call we all just may be on the winning side. Honestly everyone this is where the reward surpasses the risk itvus a time for conviction. Remember the montra, if the fundamentals or good and your risk tolerance has not changed then you know what to do. Personally, I am long on this stock, am I cautious going forward, damn right I am. However, my tolerance levels are still in place and the companies fundamentals have improved. I am on that next earnings call, and will be looking for a solid report, it must be, they have no room for error. I believe in SNDL, they have done one hell of a job over the past 12 months. I say to management, keep up the amazing job. focus on integration and cost reductions.
Golden brown sacks : Their going to have to do a reverse split, they know a lot of investors are going to dump as soon as it hits $1.
Happy-You77 : Reverse split needs investors to vote?
RainbowLight OP : As long as it stays below $1 till aug, you will expect to see the reverse split. I will sell off before the reverse split. Then buy again when it drops.
Brooks Falls RyJTelecom : Can I know which 2?
Brooks Falls Sprockett : Can I know which one?