RE:RE:RE:Looking upLONAMIS777 wrote: "TechWizard101 - (11/30/2020 3:22:30 PM)
RE:Looking up Wow , We have a comedian in here or just a sheeple!!"
Maybe a little bit of A and a little bit of B... haha...
No I just look for good opportunities to get in and out and $0.025 looked like a good time to buy... Hopefully I can et out again in the green, fingers crossed...
ps can't believe after all this time Letsflythis is still here saying all the same complaints as a year ago, which was the last time I made a tidy profit here and got out... Now I can't say whether that is hilarious or sad... Maybe a little bit of A and a little bit of B... ;)
but in all seriousness, I do feel bad for anyone that got screwed here, it sucks, but for me I always look for the lesson I can learn, take my loss and move on... Why stay here complaining about the same thing for years...? I just don't get it, but to each their own I suppose...
GSTA THE LONGS
For anyone who thinks getting in a 2.5 cents is smart, consider what a 30:1 reverse stock split could do. If the reverse stock split occurs, share price becomes around 75 cents, and nothing says it could fall back down to 10 cents or whatever, and the company raise more money by issuing shares. Meanwhile executives issued stock options at 5 cents a share better not exercise them when the share price is post reverse stock split, but the only thing that will stop them is a shareholder lawsuit, but if all the big shareholders have options, they wont sue, leaving smaller retail shareholders who cant fund an action.
Any stock options prior to a reverse stock split should be cancelled post split and new ones issued comparable to prior to the split.
How the company deals with stock options is a real litmus test of the company.
For what it's worth, very few companies, have their share price appreciate post reverse stock split. They usually fall making it fool hardy to buy shares pre-reverse split. For this reason, I have exited the position in this company and taken about a 34% loss. My boss is not happy but wanted out of this company to see where the share price is post reverse split (assuming it happens, which we assume will happen).