RE:July 28 meeting for shareholder vote.FirstNet wrote: 1:300 Stock Split vote... I'm not sure what 2 think right now
1 for 300?? Already had one of those this year, I certainly do not need another one. They can be killers.
I went from 30,000 shares to 100 shares. Price went up of course but it is now down over 50%.
10 cents shares x 300 would go to $30 -- we do not need that.
10 cent shares x 50 = $5 So 50 to 1 or even 100 to 1 gets us to Nasdaq levels.
The thing is they have to do it around a big news item like a big contract -- if they don't have the "big" news it just sits and goes quickly down in value. I have seen that too many times. I have had so many consolidations in the last 3 years and lost money on them all. You spend time building up what you consider a reasonable number of shares for a small cap holding and then with one stroke of the pen they wipe it out.
And then the arrogant experts say quit bellyaching - your value hasn't changed. So you go from 30,000 shares to 100 shares and you have no flexibility at all -- but that's not supposed to matter because on a 10 cent stock you still have a value of $3000. but only comprised of "100 shares".