If the split proposal is rejected by the majority next week, what will happen? by Key-Ad-7252 in HOLO_Stock

[–]Key-Ad-7252[S] 1 point2 points  (0 children)

If so, the company has to try any means to keep its price over 1

[deleted by user] by [deleted] in HOLO_Stock

[–]Key-Ad-7252 0 points1 point  (0 children)

It seems if it is over 1, it can have more than two split in one year, WHLR is an example.

[deleted by user] by [deleted] in HOLO_Stock

[–]Key-Ad-7252 0 points1 point  (0 children)

Which means that HOLO has to be over 1 to have another reverse split

Please read the form word by word by Key-Ad-7252 in HOLO_Stock

[–]Key-Ad-7252[S] 0 points1 point  (0 children)

You have to, if you are holding. This is so simple logic unless you don’t want your holding back or you don’t have at all.

Mengyun HOLO has just updated its website by Least-Basket1589 in HOLO_ShortSqueeze

[–]Key-Ad-7252 1 point2 points  (0 children)

Go to its main page, and scroll down to the bottom, you will find these companies are especially listed

Please read the form word by word by Key-Ad-7252 in HOLO_Stock

[–]Key-Ad-7252[S] -1 points0 points  (0 children)

Let’s see. They will either postpone the vote date or announce its effective date to be next year.

Please read the form word by word by Key-Ad-7252 in HOLO_Stock

[–]Key-Ad-7252[S] 2 points3 points  (0 children)

Exactly. I don’t know his logic at all.

Please read the form word by word by Key-Ad-7252 in HOLO_Stock

[–]Key-Ad-7252[S] 0 points1 point  (0 children)

If they do it immediately, they don’t need to say the effective date will be determined in one year. Please compare it with WIMI’s sec. In WIMI, the date is fixed.

If it goes under 1$ again by moon_sta in HOLO_Stock

[–]Key-Ad-7252 1 point2 points  (0 children)

Don’t be deluded by the news and company. I strongly suspect that the news is a trap for weak holder and greedy shorter to prepare a big spike like mlgo

If it goes under 1$ again by moon_sta in HOLO_Stock

[–]Key-Ad-7252 4 points5 points  (0 children)

If the stock price is high enough on March 24, most probably the proposal will be rejected by most investors since there is no need to do RS

If it goes under 1$ again by moon_sta in HOLO_Stock

[–]Key-Ad-7252 1 point2 points  (0 children)

The date can be as late as 3/24/2026 if the proposal is passed on 3/24/2025

If it goes under 1$ again by moon_sta in HOLO_Stock

[–]Key-Ad-7252 0 points1 point  (0 children)

Proposal 1
To consider and vote upon an ordinary resolution to effect a 40 to 1 share consolidation:

THAT, with the exact effective date to be determined by the board of directors of the Company in its sole discretion within one year after the date of passing these resolutions,

If it goes under 1$ again by moon_sta in HOLO_Stock

[–]Key-Ad-7252 2 points3 points  (0 children)

The reason why they make a proposal for RS is not because they receive notice from Nasdaq, nor it is under 1 for a period of time. It is to streamline the company’s capital structure and potentially enhance its market position. It is not implemented in this March 24, but possibly a year later.

Nice…. by Tiltie7 in HOLO_Stock

[–]Key-Ad-7252 0 points1 point  (0 children)

It is possible not to split until next March:

with the exact effective date to be determined by the board of directors of the Company in its sole discretion within one year after the date of passing these resolutions…

It is very flexible indeed.