PINL:HERTF - Post by User
Comment by
JaInveston Mar 29, 2021 9:31pm
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Post# 32903765
RE:RE:RE:RE:RE:RE:Clint Sharples
RE:RE:RE:RE:RE:RE:Clint SharplesListen.... even at 9 - 1 it is good for the company and its growth. Heritage is a really solid company that should be competing against $1 per share or greater companies, but it is stuck competing against .14 cent companies. If they consolodiate at 9-1 , then their share price will be over $1 and an entire new group of investors will now be interested. More institutional investors and more invesgtors in general will take notice. So you go from 100,000 shares which can go up by .02 - .05 cents. Once the share price is over $1, much more chance of the stock rising by .20 - .40 cents. So, .05 cents across 100,000 shares is $5000 profit. 10,000 shares times .40 is $4000 profit. Not the biggest difference. But what we all want is for Heritage to go up to $2, then $3, and up to at least $5. This will not happen with so many shares outstanding and sitting at .145. They need to do something to get this thing moving.
The other thing I would say is this... not their problem that you only have 100,000 shares. If you think they will consolidate 9-1, then buy 400,000 more shares at .145 and then wait for the great increses in share price once the consolidation has happened.
But as always... there are no guarantees for outcome no matter what they do, but what they are proposing is one strategy that is legit and has worked for other companies.
Only you can know if that is a ride you want to take. But in the end, the fundamentals of the company are solid... maybe just not the kind of bet you want to make. I am good either way. I can see why consolidation is attractive to them and their growth and I can see how staying the same benefits the day trader.