Post by
CanadianKia on Dec 03, 2021 8:46am
Stock Split warning
Rememeber people, these guys dont have a lot of outstanding shares.
This is a big trick by companies. it leaves plenty of room for them to do stock splits if they're not profitable without looking really bad.
If they're almost a year out from profitability, you will see the stock split, dilution potentially happpenig.
Thats why its good to get out now and let the stock fall as low as possile before buying back in.
Comment by
Lazaros on Dec 03, 2021 10:31am
That makes no sense, why would they split the stock at these prices? To double the float? For what purpose? The stock price would be even lower. Unless you mean reverse stock split which would pump up the share price, but then there'd be even fewer shares o/s. I don't follow your logic on this one.
Comment by
CanadianKia on Dec 03, 2021 10:48am
Price is way too high for now, so obvvioulsy they wouldnt do it now, but as its been crashing for a while now, this thing can realistically go below $1 which would essentially force them to do a split. it wont happen now, agreed.