Tonix Pharmaceuticals Stock Forum

NoNo444 : They can not do that 1 to 250 without being delisted. So that won't happen.  Likely they just voting for it now in case they need to do it after 2 years time. Max they can do in next future is 1-2.5

NoNo444 : Reasons for a Reverse Stock Split
 
The principal purpose of a Reverse Stock Split is to decrease the total number of shares of our common stock outstanding and proportionately increase the market price of our common stock in the event that the market price of our common stock does not stay above $1.00 per share (or above the Low Price Requirement, in the event the closing bid price of common stock falls below the Low Price threshold) in order to meet the continuing listing requirements of the Nasdaq Capital Market. Accordingly, our Board approved the Reverse Stock Split Proposal in order to help ensure that the share price of our common stock meets the continued listing requirements of the Nasdaq Capital Market. Our Board intends to effect the Reverse Stock Split only if it believes that a decrease in the number of shares outstanding is in our and our shareholders’ best interests and is likely to increase the trading price of the shares of our common stock and improve the likelihood that we will be allowed to maintain our continued listing on the Nasdaq Capital Market. However, our Board may determine to effect one or more Reverse Stock Splits even if the trading price of our common stock is at or above $1.00 per share (or above the Low Price Requirement, in the event the closing bid price of common stock falls below the Low Price Requirement).

74346426 : where did you pull this article?

空头包赢 : The company has not released any news, so do not listen to anyone's opinions.

job_11 : No need to worry. It's part of the normal process of the Company to get shareholders approval in advance for RS, giving them the right to exercise RS if needed within one year from shareholders approval.. As shareholders, all should vote against RS as price now is far above $1.

job_11 :

NoNo444 : They can not do that 1 to 250 without being delisted. So that won't happen.  Likely they just voting for it now in case they need to do it after 2 years time.

job_11 : If me, will load it little by little. May need to average down when price pulls back. There is a shareholders meeting on 8 May asking approval for RS again and increase in share under 2020 stock incentive scheme and employee stock purchase plan. Good thing is the increase is mainly for employee participation, meaning the management will make effort to ensure price will increase. It is also a mean to deter any potential takeover.

job_11 : I still keep 50%. Will increase if there is a pull back.

job_11 : Apart from TNXP, I'm in MIST, VSTM, and SCNX. All related to FDA approval.

IDKWTFIMDOING job_11 : SCNX just got FDA approved

job_11 IDKWTFIMDOING : Yes, they got approval on 18 Mac. Saw price went above 3 but immediately dropped below 2. Then I went in at 1.60. Will hold it longer for their commercialization.

mloon : a pipeline of new medicine to be approved...

Mr_Rhodes : I got out,.I'll get back in when it pulls back

72304953 : Monster stocks, run away when you are out of the market, don’t fight to the end。

ElToroToco OP 72304953 : so you saying run now?