RE:Reverse SplitLike where do you drum this bullshite up from, they just openned to doors for business a month ago....the only thing anyone is waiting for is the market to FIREup, get the roll out close to complete across the country.
FIRE is not behind or in trouble, quite the opposite....so no sense in you wasting your time on a winner like this, the bottom of the barrel is the other direction, JMHO....Opt
Pedal2themetal7 wrote: I've been following for a few years, and this is only my second post, I was utilising this forum strickly for research purposes, in the event I had missed a news release etc.
I have to disagree when it is stated the split would be accomplised in a position of strength. The company has the right tools necessary to be successful, but we all know the market is extremely volatile, and only a few will succeed. If the share price was robust, and IR had been competent in marketing the stock, I might be in favor of a 1:2 split. But in this environment, it will appear as desperation due to a poor share price and low market cap.
If the share price was robust, it would fair to say the price could be comparable at the $8.00 range post consolidation. But this company has failed to instill confidence with the public investors, which is the force behind a start up company.
Since I started following this stock, investors have been hopeful it would become the next NFL elite quaterback, but to date we're dealing with football arena when it comes to marketing, and elite when dealing with quality product. Unless the two come together, and build a decent share price organically, I think a split will futile
To stand behind a split at this stage of the game, is putting a lot of faith in a company which has failed dramatically at marketing itself.
If we were competitive with the likes of Organigram etc, and were in the Q3 of 2019 with strong financilas I might consider it, but unless you're a financial institution, or influential investors, the risk is too high for me.
Everyone is talking about only being a lower share count, and no one is talking about a comparable share price. 1:5 split, has a comparable share price of $8.50, that is putting a lot of faith in a compony which hasn't done anything for it's investors to date.
I believe in the company, but lately I have been losing confidence. At this stage, I want to be out looking in, let everything settle, and maybe come back in.
Hopefully this split won't occur until the new year, and the share price is raised for the holiday, so whoever decide to sell, can leave on a somewhat positive note.