Not one for conspiracy theories but feel like the below things I discovered by accident can't just be a conicedence ..or can't they?
- r/s vote passed today with 23% representation. Of course it would pass since management probably represented 80%+ of that vote. there was also a glitch which didn't let shareholders sign in properly and had to sign in as guests and therefore couldn't even participate in the live vote
- it's approved for a split between 15min to 20 max
- main goal of split is to get on Nasdaq which requires $4sp minimum
- if you divide $4 by 15 you get .2666 or about .26 which is what the last raise was valued at
- if you divide $4 by .20 that has been the current (hopefully permanent) low the past few days.
- relentless sell pressure from Cannacord to keep the SP down past few weeks and has held it within .20-26ish range after the drop
again I don't even know if it's all connected and if it is what the reason or theory is lol but seems too much of a coincidence.
are we doomed to this range for a while? Did it go down to .20 for this reason? Is Cannacord keeping it here on purpose?
I don't know.
Thoughts welcome. Inckuding that this is a load of cr*p cuz maybe it is. But maybe it's not.