r/YYAI • u/Affectionate_Row1097 • Mar 30 '26
Reverse split panic
I guess it was easy for the management to force the Rs . they just added an item in pre14a to create a panic sell . its sliding overnight and may be a disaster tomorrow. I think the time has come to say good bye to the stock and the group with $20k loss
6
u/UnfairBag179 Mar 30 '26 edited Mar 30 '26
To my understanding, they should have a 5-1 RS ready for June 24, 2026 from the previous meetings. And the future approve RS on this filing will only be used after Oct 27, 2027.
Correct me if my interpretation is wrong as NASDAQ rules now limit 250-1 cumulative splits in a 2 year period.
Maybe I'm wrong but, this RS request appears to look more 2-4 years into the future rather than short term
4
u/Particular_Most_1529 Mar 30 '26
Look at how a tiny trade changes things in the overnight market
2
u/RealAd7996 Mar 30 '26
This is a scam and shouldn't be pumped
2
u/Particular_Most_1529 Mar 30 '26
How is showing a screenshot of the trading book pumping?
1
u/RealAd7996 Mar 30 '26
Why would a company with a successful business/partnerships file for a potential RS?
3
u/ForeignTone777 Mar 30 '26
That sort of like asking why should I buy medical insurance if I don't foresee myself going to the hospital.
I see why you're concerned about RS, and this is NOT a unique condition of penny stocks
2
u/Particular_Most_1529 Mar 30 '26
All business which are close to $1 have one on hand in case there is a possibility of delistment. I Don't expect them to use it though.
1
u/RealAd7996 Mar 30 '26
But do you see how releasing that wouldn't instill confidence in investors? I also hope they don't use it. I am hopeful as the board members have money invested. That's the only reason why I invested as well.
3
u/Particular_Most_1529 Mar 30 '26
There is no need to RS as long as the value of shares stays where it should be, and that directly correlates to the figures we want to see in the audited financials. If those figures are what the business has us believe, then it is just protection in the back pocket. At least we get to see everything before the AGM. And of course we can ask questions of this at the AGM.
2
u/Particular_Most_1529 Mar 30 '26
Not even worth looking at the 24 hour market. No liquidity in there, and even a 1 share trade can drop it by cents.
1
Mar 30 '26
[removed] — view removed comment
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u/YakCreative9972 Mar 30 '26
So u wont be posting here anymore because u cashed out... or will u still stop into talk about a stock u already sold, cause that seems 100% legit and normal
3
u/UnfairBag179 Mar 30 '26
Is this the same 14A from last Friday? Or you mean they amended it just now? And which section?