Post by
rickflair on Nov 02, 2024 12:26pm
Reverse Split.
PCEP has around 80% of the shares and they had bought in at .14 a share.
So I believe with the offering the best they can do is average down at .07.
I believe that they should be at .085 or .09 max.
I also believe the PCEP shares would be affected if there is a reverse split. PCEP would take a huge haircut on a consolidation move but who knows.
What do you guys think.
Have a good day.
Comment by
SilverSam on Nov 03, 2024 1:20am
A reverse split does not affect the value of the shares, only the quantity. If someone has 10,000 shares with a value of $1,000.00, and a reverse split brings the share count down to 1,000 shares, those shares still have a value of $1,000.00. Each share is simply worth more after the split.
Comment by
rickflair on Nov 03, 2024 10:19am
Hi, I know what a RS is. For example at .03 ; a RS of 100 to 1 will be $3.00. If PCEP share cost is .07 well they need 7.00 to come out even. Once the shares are at $3 USUALLY they will decline to $2 then $1. PCEP will take a HUGE LOSS. We will see what they will do. WHOOO.
Comment by
filefish on Nov 03, 2024 11:25am
PPR is essentially a "private company" in the hands of PCEP (80+% ownership). It will be their choice whether or not the Company does a share consolidation. If they reverse split, I am pretty sure that PCEP would defend the price from short sellers with additional purchases. In the longer term, I believe PCEP takes them completely private or PPR goes bust.