Fantasy Aces Daily Fantasy Sports Corp FASDF

So...

[Floridas2000]

they're consolidating shares 2-1 and they're paying people by shares in the company?  Not sure what to make of it, don't like the dilution on one hand but on the other hand people wouldn't take shares if they didn't believe the stock would be going up.

[lscfa]

The TSXV is forcing them to consolidate at a minimum of 1-for-2. It could be more. I think the company should clean up the balance sheet by forcing conversion of the partnership units into shares and then consolidating 1-for-10. This will bring the 200 million shares down to 20 million shares and increase the share price to $0.30 which will make the stock more investible for some.

[munsoned]

alright..could you all explain a little more what all this means.... i bought over 300K in shares back in the first tranche of financing....was hoping to keep them until i doubled or tripled my loot..what are your thoughts...?

[lscfa]

300,000 at $0.03 or 30,000 at $0.30....makes no difference....your % ownership of company does not change from a rollback

[thearab]

Iscfa-Great mathematics if you bought @ ..03 cents not so great if you bought any higher.300000 @ .04 cents = $12000.00 on a 1/10 as you suggest  creates a loss of $3000.00 .I now have seven consolidations in the last year and I can tell you not one of them ever remained at the consolidated price they dropped like a lead balloon after they consollidated.

[thearab]

I would like to add that if you bought @ .025 cents you will not get hurt you would be in the black outside of the company that put up over half a million the rest are mostly family so I doubt they are going to hurt themselves.I am certain there are people on here that bought when the stock was .20 cents. how do you think they feel.Fortunately I was not one of them.Also who knows if the Blackhawk

[lscfa]

Not all rollbacks are bad.... SAM did a 1-for-4 rollback on December 14, 2015. The stock has gone from $0.28 to $0.72   - DWI did a 1-for-25 rollback on February 4, 2016. The stock has gone from $2.65 to $6.42   - PYD did a 1-for-10 rollback on May 2, 2016. The stock has gone from $0.40 to $0.48  

[thearab]

Funny you should bring up PYD I bought 60000 @ .09 cents when they consolidated I ended up with 6000 @ .40 cents I spent $5400.00 which @ ,48 cents makes my shares worth @2880.00 I will be a long time getting back to my original investment.I also am well aware of Sam I used to commuicate with the company and trust me the picture you paint ain't so great about Sam either.I had 50,000 shares in

[munsoned]

Thanks for all the reading material.. I got most at 0.025..and was dreaming of selling in the 0.20 to 0.30 range.. Keeping them.. And see what happens...