OTCPK:SPLID - Post by User
Comment by
old_dogon Aug 10, 2021 8:08pm
313 Views
Post# 33682823
RE:to make $.01 profit they have to make $150,000,000
RE:to make $.01 profit they have to make $150,000,000Have you ever been involved with a roll back.........Had a stock a few years ago (mining stock). They took a hit like a lot of other companies and dropped from 35 cents to 10-11 cents....Then they languished a little lower into the 4 cent range...as soone as news came out there was going to be a consolidation of the shares they dropped to 1 cent. Once they did the deed the shares floated dropped down from 10 cents to 8 cents. They they did it again only it was 3 old for 1 new. They managed to convert a 150 Million share company down to a 5 million share company...today those shares trade in the 30 cent range....roll backs are not good news. But a company that starts to make money and can start buying back shares is where you want to be.
This is the route that big, medium and small cap oil companies are starting to do now. You can increase shareholders value much faster and by buying back those shares. So while it might seem strange management has the ability to do just that. At current pricing the company could decrease the share count.
Either way the share price should be ready for strength the last few buys were very heavy.
old_dog