GREY:CHALF - Post by User
Comment by
PotStockeron Dec 17, 2017 8:51am
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Post# 27173235
RE:RE:Reverse Split
RE:RE:Reverse Splittracker11 wrote: Alltime wrote:
You guys think this will reverse split?. This company has alot of o/s shares. Seen this happen a few times with other companies. Vodis comes to mind. What bothers me is this looks like it could very well happen at some point. Thoughts?
In my opinion a reverse split is inevitable. With the amount of shares, come future reporting periods they'll always show very very poor EPS and the current trading state will continue till kingdom come making this stock eternally unattractive. As the MJ industry evolves and becomes ever more marketable, institutional buying will be more and more prevalent. Companies like GLH will be overlooked simply as a result of its share structure. So, the company has to be more aggressive in its business format, show steady growth and profits and with a reduced share float may see the light of day and satisfy stakeholders. Until then, trade the pennies, keep a vigilant eye on it as to when it may reverse split and GET OUT QUICK!!! Reputation and sentiment has alot to do with the s/p after the reverse split. The s/p may very well nosedive after that. I've been caught in that in the past.
My God. Where did you learn your stock picking skills. Are you really you? People look at P/E, not EPS. If the EPS is 0.01, the share price is 0.05, I like it. If the earning is 1$ But the share price is 100$, I hate it.