STOCK ROLLBACK MATHHi guys!
A few thoughts after reading some recent strong negative views on the potential rollback...
1) yes, the stock could continue to be pressured after the rollback is completed
2) yes, in theory, it is easier for a stock to go from $0.15 to $0.20 than from $3.00 to $4.00
3) if you own $1000 worth of Snip shares now, you will own $1000 worth of Snip shares after the rollback
4) the market cap of Snip is $26mm USD today and it would still be $26mm USD if the stockroll back happened this morning.
5) nothing else changes except the stock at $3 will have a chance to be listed on a US exchange and potentially find some institutional buyers that trade in micro cap companies
6) insiders will still own 45% of the company, they will still have $5mm in cash and no debt