OTCPK:MEDVF - Post by User
Post by
deepoil0808on Nov 04, 2021 2:45pm
135 Views
Post# 34088149
Reverse Stock Split and then PP to dilute dilute dilute
Reverse Stock Split and then PP to dilute dilute diluteI am posting for entertainment purposes and No I do not hold any stock.
I had close to 1 million shares bought at 6 cents, sold at a loss of 5.5 cents when I learned of the reverse stock split of 1 for 15 and, dilution of more shares via a PP to come.
This confirmed to me that even with tripling of patients, they are still losing money from their operations and, probably margins suck big time.
Therefore I agree with Frosty, Knowsbest, capy, that this is a .02 stock price at best, heading probably towards Chapter 11 at this pace. As a new realist, there will NEVER BE ANY HOPE FOR RECOVERY. It is a lost cause.
Good Luck to the REALISTS.
My personal opinion