RE:RE:RE:Thoughts? Reachme - (3/4/2021 7:52:24 AM) RE:RE:Thoughts? charliebitmyfin wrote:show me one company who's share price didn't go down considerably after a reverse split. imo the best thing about this company is that their gross revenue has gone up. But half of it was production costs and the other half was operating expenses, and then other expenses put them in the red. i'm no expert, but if i had 25 mil inventory i would turn it into kief and dump it on the market, the going price is around 20/g, just dump it for 10/g, unless its really low quality inventory and they can't? i don't understand.
Hexo made a RS and they doubled after...same thing with Eldorado gold...if you have 4 quarters and change it to a 1 dollar bill or if you have 10 single dollar bills and you change it to a one 10 dollar bill.....same fng thing.
too many people here with more money then knowledge and you get what you get.
Ross Beaty's Equinox gold did a RS and double after that too. Some of you here are wayyyy to obsessed with the possibility of a reverse split and what it means. Again, if a company made an RS to avoid getting delisted - that would be bad. On the other hand, if a company does a RS to uplist or to discourage shorts - that would be a good thing. You do that when the short borrowing fee is below 10-15% to regain control. That's not the case here.
To be abundantly clear, e.g. Canopy has 380M shares out at $42 a share. But It's the same as having a billion+ shares out at $14 a share.
The repeated discussion about this here is really unnecessary as it is so elementary. I would also warn against uplisting prematurly. Case in point is Excellon silver/EXN. They were not ready and the increased liquidity exposed them to a massive amount of shorts.
disclosure - I own every stock menioned here.