Jan. 19 at 9:19 PM
$NMHI QUESTION FOR THE FORUM:
In the December pump virtual investor conference interview with questions- the CEO himself stated that the company had authorized a share increase from 100M to 1 BILLION shares and effectuate a reverse split anywhere from 5:1-20:1
The co has been delisted from the NASDAQ down to the OTC and has many hurdles in the way of obtaining approval to trade on the NYSE American.
The equity is trading at
$0.07 per share. At the maximum stated ratio in the RS (20:1), at the current price that would RS the shares to only
$1.40 and we all know it will most likely trade back down below
$1 simply due to the company itself INCREASING the AS from 100M to 1 BILLION shares and beginning to implement toxic diluted Capital raises. For the shares to even reach a market cap of what the NYSC American requires would be impossible with that share structure.
The reason the shares are trading at
$0.07 is due to disgruntled shareholders exiting to prevent additional losses
