Post by
MoneeMakr on Mar 09, 2021 12:54pm
Split? Who cares...
Some will panic and react short-term to this news. Long-term makes no real difference, other than differentiating GLH from a little penny stock company. New management has been trying to cleanup old mistakes. Seems they are making the logical moves, which we have been seeing on their financials. Long-term this is good for shareholders.
Comment by
Snakebite18 on Mar 09, 2021 2:47pm
Absolutely matters. You just said it yourself. You want people hanging on to this. Not panic selling
Comment by
campst on Mar 09, 2021 2:52pm
Why not? panic selling is the same as opportunistic buying imo....
Comment by
campst on Mar 09, 2021 2:54pm
one positive is that it should put an end to relentless penny-flipping.....worth the hassle..... .... but what do i know? cheers
Comment by
WSBfanatic on Mar 09, 2021 3:13pm
lol even after consolidation its still a penny stock and it will happen even more cause there will actually be some slight movement.
Comment by
daveinvestor on Mar 09, 2021 3:14pm
Exactly, day trading has hurt GLH's true value. This consolidation will end perpetual shares being for sale. It will also make it much harder for people to lend out their shares to be shorted as there will be signifcantly far less of them to do this witth. It's a strategic move and they needed to do it to stay relevant and competitive in the coming great days ahead.
Comment by
RiskyBiz928 on Mar 09, 2021 3:22pm
You both said it. Today is a perfect example - 9 million+ shares traded and it ping pongs between 5.5 and 6 cents. Great days ahead indeed Dave. Lets separate the wheat from the chaff.
Comment by
WSBfanatic on Mar 09, 2021 3:35pm
this gives the company more room to do further private placements and dilute shareholders to nothing.