RE:Remove the RSAnother thing....it was never mentioned outside of the AGM materials. I would never have found out about it without someone on this site disclosing it! As the seeking alpha article discussed FIRE terrible disclosure in all other facets of the business. Could also be a lead in for a major partnership...cut the float to 60m and then sell 40m to "institutional interests" .....that would screw current holders rs , and then make it more appealing to partner up with somoene....all spec .... But it stinks
Pedal2themetal7 wrote: As soon as they announced the RS, any experienced investors took a very cautious approach when contemplating Supreme as a potential stock. Whoever mentioned the RS doesn't affect the value, has never experienced a RS, or was part of a very few "lucky" companies which didn't experience a nose dive after announcing same. IMO
If you believe that if a RS of 5-1 was announced tomorrow this company would maintain a SP of $6.80, good for you. The believers keep on saying it is only a tool, the experience investors look at it as toxic, and a dark cloud always lurking.
I belive it was a major mistake, and agree once it is removed, it will attract investors looking for long term growth.
The top old school investors veer away from RS, might be a new "hip" tool, but same old results will occur.
If you do a real DD regarding RS, you will find out the reason why so many investors stay on the outside looking in, when a company is contemplating using it, especially a penny stock which can't attract positive raection from the market. IMO