RE:RE:RE:RE:RE:Wrong directionFIRE has no wow factor going for it, hate to say it as I am long and wish the company had something special. Investors are not rushing in to buy it, meaning little demand for shares meaning sideways action until big news starts to flow, if it ever does.
If the news flows and one day we become profitable, the bottom line earnings will be shared among 487 million shares leaving mere peanuts earnings per share.
A large share count does not necessarily prevent a stock from moving up, but those that do generally have something special, a moat, or are in the right place at the right time which drives demand and the share price up regardless of the share count.
I don't see FIRE possessing any of those special traits, do you?
The next big adventure will be USA, I wonder what Beena thinks of this?
Lastly, ACB is a mess, a classic example of too many shares out, followed by a reverse split, followed by a bigger devaluation.