Financial PostThe above noted article only confirms, what a lot of investors have been saying all along, the retail investors are being used as a tool, and count for absolutely nothing in this heavily manipulated sector.
With Supreme failing to stay competitive with the other leaders in this industry the past two years, it is now an uphill battle attempting to reach comparable market cap and SP, hence the reason why a lot of investors linked to Supreme make their money shorting/purchase on a dip, and sell.
Supreme is a penny stock, in a volatile market, and with hedge funds utilizing every loopholes available in order to make money, the technical investors utilize their tolerance levels, and stratigically buy and sell at specific times, in order to keep their money moving, and generate gains with a diversified portfolio.
The RS is obviously a strategy which has been decided, and already adopted, the only thing missing is when it will be utilized.
If it is utilized in the near future, there is a high likelyhood it will have a negative effect on the retail investors.
If someone holds 50,000 shares, post split will be 10,000, and with the industry being bear and completely controlled by funds and influential investors, I beleive that it wouldn't come close to the comparable of $8.50.
Investors will be left hoping that it can reach that level so they can break even or make a few dollars, and get out, something that might never happen, as most companies will fail.
Even with good balance sheets, and product on the shelf, these funds can still dictate the SP.
This is a penny stock and anything can happen, the reason why a lot of investors are shorting, but also believe it has great potential, and retain it on their watchlist, as it might be a decent long in the future.
Not being negative, only realistic.