Comment by
lscfa on Jul 23, 2019 9:26am
Sounds about right, however the rollback is irrelevant. Where livewell shareholders got screwed was over paying for Vitality which owns 85% of the merged co. based on the insane $685 million valuation given to it.
Comment by
stocky9 on Jul 23, 2019 10:20am
I understood that there were actually 131MM+ shares outstanding? If management's past performance is any indication of the future, there is little to be optimistic about. This is a totally speculative play at this point. My cost basis is well over $3 so not sure what to do. No way I am averaging down though.
Comment by
bullmarkets on Jul 23, 2019 10:35am
there is around 75 million -- fully diluted 95 million i believe.. these guys would love to do a pp @ 1.50.. they screwed investors once, they more than likely will do it again, so no way anyone should give them money..
Comment by
StocksOfFun on Jul 23, 2019 11:13am
If you’re watching the stock, quite a few block bids have been coming in because people want to take advantage of the low entry point. Long term growth looks good
Comment by
stocky9 on Jul 23, 2019 12:19pm
Excuse me? I see multiple block bids (totalling under 20k shares) in the $1.50-1.65 range. how is that "good for long term growth" for original livewell investors severely underwater at this point?
Comment by
Sacloco on Jul 23, 2019 12:52pm
I agree, its only gonna get worse. 52 week high before split was .68 on nov 11 2018, split happens and now were trading at 1.70....significant losses, kinda surprised no one has filed a class action suit....