RE:RE:RE:RE:April 28, 2021, VOTE @ the Meeting ℹNO SHARE SPLIT Let me be clear...I am not selling. I am in it for the long haul. But the journey is frustrating.
Even for a 10:1 reverse split to happen, the stock needs to go up first. It simply would be a failure to the investors if the rs happened without an increase first. I also understand the shorters selling etc. But while a million shares at 0.05 is worth the same as 100k shares at 0.50 or even 50k shares at 1$, any marginal increase after the split has way less impact on the value of our overall personal stock value. Having the rs happen before seeing value rise just seems crazy to me when the actual value of this stock seems so undervalued based on what it is.
I have seen people list their selling price at over 1$. After a 10:1 reverse split, the stock value would need to reach 10$ for it to be the same value.
If the reverse split needs to happen in order to make it fly, NO PROBLEM with me. But it's a shame it cannot go up now because it seems completely undervalued and the news releases are not strong or effective enough. For something I consider to be this strong, that is a failure.
I have confidence still in the BOD and it is a strong group. But I'd like to also see them invest and stake their claim in the confidence of the company and see this rise on its own merits before the rs.
long winded this morning...lol. Just tired of being halted, having confidence and feeling like being on a yo yo when I truly believe we should feel like we are on a kite! I'm not selling. I'm holding. Just need to see more!