GREY:ISOLF - Post by User
Comment by
Globulouson Sep 02, 2018 12:57pm
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Post# 28554412
RE:RE:Relaxo, the reverse split isn’t bad.
RE:RE:Relaxo, the reverse split isn’t bad.
The low float is obviously more attractive, and the fact that it's not trading for pennies helps the perception as well. The only negative is that people who averaged 0.45 or 0.50 cents a share only needed a 0.45 or 0.5 cent gain to double up... We saw those fluctuations in one day back when this went wild. Now it'll have to jump $3.50.. a much taller task.. Now, we're talking about doubling up in a short period of time.. the cannabis space seems to be the only space where those kinds of astronomical gains (in a short period of time) are possible... even expected (at least they weren't uncommon just a matter of months ago). I'm certain this will double in value from where it is now.. just won't happen in a day, where it could've pre-split.