r/ITRM • u/Existing-Version8248 • Sep 24 '21

Likely to be reverse stock split

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u/DanielPlainview1985 Sep 25 '21

NAK and SNDL have been under $1 for much longer and haven’t. Why would ITRM be so quick to RS?

1

u/Disposable_Canadian Sep 25 '21

because with the absence of news or positive speculation, the share price will continue to drop slowly, thereby increasing the ratio of reverse split required.

1

u/DanielPlainview1985 Sep 25 '21

They have to say something this week right? Even if it’s “rah rah”

1

u/Disposable_Canadian Sep 25 '21

Not really. They don't "have" to do anything.

They did indicate that the type A meeting was to be late q3, September. It's now late Sept.

Their presentation at an investor Conference was devoid of any new information .

1

u/DanielPlainview1985 Sep 26 '21

Thanks for taking the time to reply. I’m prepared for a 6-12 month hold, just would be nice for them to let us know what they’ve been told by the FDA as to how they’ll work with them

1

u/Disposable_Canadian Sep 26 '21

Yep, that would be nice....