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$Maxeon Solar Technologies (MAXN.US)$ curious to how and whe...

$Maxeon Solar Technologies (MAXN.US)$ curious to how and when this will play out. recent news being the reverse split followed by the company announcing a ownership change with a future buy back 11-14-24.
if the stock reverse split is before then what would happen? also if the stock gets above $1 do they still have to reverse split? is 11-14-24 enough time before the reverse?  
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  • XSpace : The reverse stock split will likely be executed following the hearing, which is expected to take place in about a month. The ownership change you’re referring to is actually related to a debt-to-equity conversion by the previous major shareholder, who has now become the controlling shareholder. This change has been structured to improve the company’s financial position.

    Regarding the buyback option mentioned for 11-14-24, it indicates that the company currently has a healthy cash flow, allowing it to potentially negotiate debt repayment at favorable terms.

    If the stock price surpasses $1 before the reverse split, the company may still proceed with the split, as it could further stabilize the stock price and meet Nasdaq’s requirements. However, the necessity of the reverse split in that scenario would depend on the broader strategic goals of the company.

  • William2297 OP : What do you honestly think will happen with this stocks value assuming fear factor and wow factor are removed. Which direction should the stock go just based off these analysis

  • XSpace : If all the above issues, including the CBP detention problem, are successfully resolved and the company returns to profitability, Maxeon’s stock price could reasonably be expected to rebound to a range between $1.25 and $2.50. This valuation is based on the industry average P/E ratio and the company’s potential earnings capacity.

  • 103411406 XSpace : Teach me senpai

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