$Akanda (AKAN.US)$ NEWS Akanda Announces Stock Consolidation...
NEWS
Akanda Announces Stock Consolidation
Akanda, an international medical cannabis company, announces a 1-for-40 reverse stock split effective May 23, 2024. This means every 40 shares of Akanda's ordinary shares will be consolidated into one. Trading will continue under the symbol 'AKAN' on Nasdaq with a new CUSIP number, 00971M304. No fractional shares will be issued; fractions will be rounded down. The split does not alter any shareholder's percentage interest, except for fractional share adjustments. The reverse split was approved by the board and shareholders, with Articles of Amendment filed with Ontario's government on the effective date.
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102539778 : 2nd rug pull
Shaul Heymans : another bastard company...just got hit by LUXH...now this one...fucking asshole
Anson Sun : it will be wise to get out now with a loss than getting trapped after the RS with a potentially much larger setback
103326369 Anson Sun : isn't the value going to be the same? they are just dividing the shares?
小泰啦 : hold since it's already red, do not panic sell for losses
Shaul Heymans Anson Sun :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Shaul Heymans 小泰啦 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
jbcs : This means if you own 40 shares it will become 1 right?
Jaguar8 OP jbcs : Yes but the value of your share stays the same
Des SJY Jaguar8 OP : Meaning to say if one share is $0.01, 40 share supposed to be $0.40 but since it becomes one, the share value for a single unit will become $0.40, instead of $0.01?
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