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Heron Therapeutics, Inc. Message Board

  • mikefunparty mikefunparty Aug 20, 2013 8:14 AM Flag

    Why reverse split....

    I heard many institutions and funds are not buying any stocks below $5 or $10. Is it possible that the new management made some sort of arrangement with some institution to reverse split so APPA can get qualified for purchase? Specially now that the approval is imminent? Does this make sense to anyone? Just some thoughts......

    Sentiment: Strong Buy

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    • Simple, Nasdaq req's any co. to have the shs above a buck. In this situation you have a co. baloated with too many shs about to attempt to convince the FDA it can stop vomiting for cancer patients and the dire need to exit the OTC BB . Simple!