Post by
clubhouse19 on Mar 28, 2022 7:21am
Consolidation of shares
After reading the NR this am carefully and the way it was written and the timing the company gave itself, it made me deduce that Martel is extremely
confident going forward that they are at least on track with their objectives if not somewhat ahead.
Is this being used as a positive signal to the market .
Another point
why else would they state as the objective to increase liquidy if not to get more buyers on board like institutions?
Presently, much of the liquidity is simply shares being recycled in and out constantly through shorting, swinging and naked shorting something that would be dampened considerably if what I think about the coming results and signal comes to pass.
An objective to look forward to
Comment by
Mauserintime945 on Mar 28, 2022 8:32am
Honestly would you pay $45.00 after the reverse split?
Comment by
Mauserintime945 on Mar 28, 2022 8:44am
What will be the analyst forecast after the reverse split ?
Comment by
clubhouse19 on Mar 28, 2022 9:08am
I don't know...you tell us since you know what the ratio will be at the time of split !!
Comment by
clubhouse19 on Mar 28, 2022 9:06am
Wow...taking the highest possibility stated like a true fool.. I guess you know what the circumstances will be at the time then stating such a asking such a clairvoyant prediction ?
Comment by
Shamhorish on Mar 28, 2022 11:11am
bicent, agree the sky is blue and the consolidation of shares is to chase some of theday trader and shorters away and reduce effect of manupulator so they go away that is why i do not think it will 30 to 1 but more like 15 to 1
Comment by
CatoCan on Mar 28, 2022 12:07pm
Stock splits/reverse splits have no effect on the value of a company. basically this is just a way for them to maketheir stock look better to low info investors as the stock price will go from a low to high number. However, there is no change to the actual market cap of the stock. For all the serious players this won't affect their views on the stock.
Comment by
clubhouse19 on Mar 28, 2022 9:23am
I will take your long post and discuss each point by post 1- I don't know how this character says they don't pay 1.50 now.. What does that mean ? If they want to buy it now in the market they have to pay 1.50 or wait to go down. Does not make sense to me !
Comment by
Inuk138 on Mar 28, 2022 10:15am
I must admit that I am tempted to sell all my shares and go invest in other things but I will wait and see what the management has to say about their motivationt to do the reverse split.
Comment by
clubhouse19 on Mar 28, 2022 10:15am
Even at the annual meeting, shareholders will not know what will happen or at what ratio. They can only say that they are on target , but not even they can predict what the price will be and surely they have smarter heads looking at this than anyone on this board except those almighty knowledgeable clairvoyant daytraders infallable.
Comment by
Shamhorish on Mar 28, 2022 10:27am
yes, i think so too as you said "to get more buyers on board like institutions"