KAL – Extraordinary Special Meeting of Shareholders

This meeting is simply a vote on a Reverse Split.  However, given that management had to release a PR asking shareholders to vote to approve it, it sounds like this one isn’t a sure thing.  In either case, the short term result of a Reverse Split is that shareholders tend to get a little nervous and there can be a sell off afterwards.  The short term result of a “no” vote might also lead to some negative shareholder sentiment because the company is that much closer to being delisted or worse.  So both the Runup Trader and the Event traders probably avoids this one.  The Afterglow trader might stick this on a watchlist, especially if the revers split is approved.  Typically, at some point after a Reverse Split, the shares eventually rally (possibly from an extreme low, don’t get me wrong).  Usually there is a pump and dump after a Reverse Split due to the low float, and Afterglow traders will want to monitor the technicals to try and catch one if it happens, in the weeks after an approved Reverse Split.

Link to Management Request to Shareholders: https://www.yahoo.com/now/kalera-encourages-shareholders-vote-upcoming-140500408.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAGwjiHGvMSwWyJ03cgk5F8XukX2Cc3eghwimTwIt_qripCpTPCcdEwJFx1nHox1wJUlqoLage1iX_jI7qsBVrHeIIgDnJ48ERwFvn7LlkJteSjep2tpaPxMJoxRd10N59N61VI8mZ0KwGON60byuG9kVZYbkA7mATw36Ab02CG29