OTCPK:JENGQ - Post by User
Comment by
Dave4444on Jul 08, 2020 11:24am
314 Views
Post# 31239427
RE:Massive dilution, 1:33 share exchange,shares worth~10 cents
RE:Massive dilution, 1:33 share exchange,shares worth~10 cents
I think that the pre-split shares could trade as low as perhaps 12 cents a share, but then or an after reverse split value of about $4.00 a share because people with exercise their options to buy the new shares and then immediately sell to re-coop some of their loses. Then over time the new shares may move higher into the $10 range if oil prices improve. Without improving oil prices the company will still be in trouble, so hard to predict a share value. The main point is if I held shares today, I would SELL SELL SELL AND KEEP SELLING til I ran out of shares.