Post by
bullman246 on Apr 10, 2021 12:00pm
Nasdaq Move Makes No Sense
As I said before, this application for Nasdaq listing, makes no sense. First of all, the s.p must at least double to $2.00 I believe, before it even qualifies for a possible approval.
Furthermore, rumour suggests that COOL will attempt a reverse split (RS), in order to reduce the number of outstanding shares, and thereby increase s.p proportionately. This will not happen!
With a 2:1 RS, our number of shares would be reduced in half. Therefore, s.p must double to break even, without incurring a loss.
Our last RS wth Brad was a 6:1 RS. And what did the s.p do? Did it go up 6X after the RS? No, it actually went down, almost completely wiping out all investor equity. Very little investor equity is left by anyone who bought in before the last 6:1 RS. And now Core One wants another RS?
Lastly, Core One never replied to my question of "is another RS or PP (more stock dilution) coming in the near future?" What does that tell you?
It's bad enough we have to worry about s.p and revenue, etc. But, now our biggest threat comes from RS's which instantly and permanently destroty investors, and don't even require investor approval. Companies don't care. They will simply pump the stock and draw in more new suckers, who aren't even aware that previous investors/suckers lost everything due to RS's and PP's. Can anyone say "scam?"
Welcome to the world of penny stocks. Great, huh?
Comment by
rrllss on Apr 10, 2021 2:32pm
How about the 2/1rs after the 6/1. What's sad is that after the rs's mgt and insiders just issue themselves huge amounts of new stock so their relative positions don't change.
Comment by
bullman246 on Apr 10, 2021 3:15pm
How can the CSE stand by, and allow this theft?