RE:RE:RE:RE:Predictmedix Inc. Announces Engagement of Investment BankingChrispi....
I personally have no problem with reverse splits when done for the right reasons. If it can get you to a bigger market then have at it. But it has to be for the right reasons. I owned a stock that did a RS and went ballistic. It a young company with already proven... and needed... products for home repairs in a market gone crazy after hurricane Katrina and another one in Florida. The company had locations in both places. It was an amazing rocket.
With PMED I wasn't convinced that they have a proven product and without that investors anywhere may not see any value. So this may just be a hype run up....maybe not. Honestly I don't know what is motivatiing investors the last couple days. Is it like last year when it went over $1 for no reason?? Of does management have more announcements coming that will prove the value? No one knows except insiders.
I guess it doesn't matter why the sp is going up. Investors could have the next big ticket here?....traders could make money buying and selling? Sometimes value doesn't matter in great upswings...traders just pile on to a news release and off to the races the sp goes. But one has to be careful not to get caught holding at the wrong time because the sp will definately top out at some point and then collapse if there is still no value....same as last year.
So congrats to all those that have held strong. You either have a good investment here or at least maybe a good point to trade. The good investment is still unclear to me.
Badog