RE:optI hear you jf, remember it well and bought post split....picked up some in the low teens but average was in the $0.45 range for the most part. I can't blame you for your concern and don't disagree with that concern as I have gone through a couple and they didn't survive, let alone come back!!
I don't have that same concern with FIRE at this time, albeit still wary, as the RS action itself is not a guaranteed death sentence depending on where and by whom it is exercised. I think this company, with the fuel available in the pipeline, is and will be in a position of strength and should not require a split unless it is for a purpose to improve that strength, in a move to the NYSE or expansion in the global market for example...which has been confirmed to me by the company, without any specific area, end/ goal. The industry assessment of the company and the team seems to solidly support that so far.
It's all a gamble and everyone has to make the choices that are best for them but the odds are still on much success ahead for this company and I want to see more before pulling the pin to any degree....as long as they hit much better numbers starting this quarter and get product on all the shelves available to them and keep them stocked, add the ultra, KK etc and it will be game on....of which is not hope or wishful thinking as it is all there waiting for FIRE to execute what is already planned, I expect to see handsome reward for those that own, especially the longs that have supported this company to that end and played a big part in that success, JMHO....Opt
jfogarty12 wrote: it is before your time but
when Supreme had their first 5 for 1 split
my 100 000 shares became 20 000
my .08 cent shares day 1 of the split became 40 cents
and I watched them drop to .08 cents again over time ...I got out buddy
cause that move is not going to happen to me with this one again!
the only thing they will care about will be those 300 million outstanding shares
with a 3 for 1 this time will translate into 100 million and the rinse repeat cycle
begins all over again ..... just an opinion - throwing it out there
they could care less ...that down 37 cent day did it for me!