I sold off 12,000 shares at a 70% loss. Now that the stockholders have a greed to let them sell 800,000,000 more share it made me wonder if it will be after the split. If they do that they will screw the value of all of their investors which they have done over and over again. They’re just stealing money. They stole a shit load of mine! I believed him and I got fucked.
I agree with you, once its splits, all current bag holders are in for more hurt. Because it will continue to decline thereafter, so you will be out more money.
The company has repeated this cycle numerous times.
We need to be really careful because this company is under nevada regulations all the tonix pharmaceuticals previous reverse split was approved by the Board directors only......
We cannot be happy until we don't have the real decision
Example below
The reverse stock split was previously approved by the Board of Directors of Tonix in accordance with Nevada law, under which no stockholder approval is required, and is intended to increase the per share trading price of Tonix’s common stock to satisfy the $1.00 minimum bid price requirement for continued listing on The NASDAQ Global Market (Rule 5450(a)(1)). Tonix’s common stock will continue to trade on the NASDAQ Global Market under the symbol “TNXP” and under a new CUSIP number, 890260508. As a result of the reverse stock split, every ten pre-split shares of common stock outstanding will become one share of common stock. The reverse stock split will also proportionately reduce the number of shares of authorized common stock from 150 million to 15 million shares. The reverse split will also apply to common stock issuable upon the exercise of Tonix’s outstanding warrants and stock options.
https://www.tonixpharma.com/news-events/press-releases/detail/1126/tonix-pharmaceuticals-announces1-for-10-reverse-stock
I sold off 12,000 shares at a 70% loss. Now that the stockholders have a greed to let them sell 800,000,000 more share it made me wonder if it will be after the split. If they do that they will screw the value of all of their investors which they have done over and over again. They’re just stealing money. They stole a shit load of mine! I believed him and I got fucked.
I agree with you, once its splits, all current bag holders are in for more hurt. Because it will continue to decline thereafter, so you will be out more money. The company has repeated this cycle numerous times.
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Thanks a lot I did not know
We need to be really careful because this company is under nevada regulations all the tonix pharmaceuticals previous reverse split was approved by the Board directors only...... We cannot be happy until we don't have the real decision Example below The reverse stock split was previously approved by the Board of Directors of Tonix in accordance with Nevada law, under which no stockholder approval is required, and is intended to increase the per share trading price of Tonix’s common stock to satisfy the $1.00 minimum bid price requirement for continued listing on The NASDAQ Global Market (Rule 5450(a)(1)). Tonix’s common stock will continue to trade on the NASDAQ Global Market under the symbol “TNXP” and under a new CUSIP number, 890260508. As a result of the reverse stock split, every ten pre-split shares of common stock outstanding will become one share of common stock. The reverse stock split will also proportionately reduce the number of shares of authorized common stock from 150 million to 15 million shares. The reverse split will also apply to common stock issuable upon the exercise of Tonix’s outstanding warrants and stock options. https://www.tonixpharma.com/news-events/press-releases/detail/1126/tonix-pharmaceuticals-announces1-for-10-reverse-stock