Aug. 13 at 7:22 PM
$CREG Then, this year, the reverse split. So the company should just buy its own shares, at such low price, if they are really sitting in such amount of cash! This really makes no sense to me. Is this an oportunity, or a scam?
" Upon the effectiveness of the Reverse Stock Split, every ten shares of issued and outstanding Common Stock before the close of business on June 15, 2026 will be combined into one issued and outstanding share of Common Stock, with no change in par value per share. The Company's Common Stock will open for trading on NASDAQ on June 16, 2026 on a post-split basis. The new CUSIP number for the Company's Common Stock post-Reverse Stock Split is 168913507.
Accordingly, this adjustment will reduce the total number of issued and outstanding shares of the Company's Common Stock from approximately 27.5 million to approximately 2.75 million."