Post by
mopar1969 on Feb 28, 2021 12:43pm
split?
I keep having an agonizing thought about a reverse split. Anybody else?
Comment by
glasrado on Feb 28, 2021 1:14pm
JMO..The O/S float is large. A 10:1 RS is ideal which brings new float to around 60MM.
Comment by
mopar1969 on Feb 28, 2021 1:37pm
Good for the company in the long run I suppose, but I don't like it. What are the chances of this happening I'm wondering. Would sure like to sell before that.
Comment by
mopar1969 on Feb 28, 2021 2:30pm
I just don't like going from $540 a cent to $54 dollars a cent. I'd rather sell first. I'm not the only one I'm sure.
Comment by
Bigginvestor on Feb 28, 2021 2:37pm
yes you are right I rather sell before the reverse split . because the more shares you have at 500k gets reduced I been there before and hell no I would sell before the reverse split yes you are right ..
Comment by
kdog1ca on Feb 28, 2021 2:42pm
SMH.... Maybe if the stock is on the downslide... but we are NOT. We are strongly on the upside swing! Bring on Nasdaq! You sell at 10 - 20 cents before a 10-1 RS, and I'll celebrate my $4.00 USD stock 2 weeks after the RS and the Nasdaq listing announcement. Geesh.. some people...
Comment by
Bigginvestor on Feb 28, 2021 3:07pm
kdog1ca you DNT know what you talking about man I been there the stock was at .8 cents then jump all the way to .98 cents they had 1billon shares out standing they did a Rs to list on the NASDAQ my 300k shares got reduced big time to 1000 shares mean while I could of sold at .98 and walk away with nice profit . So it can go either way . sometimes u got to know when fold.
Comment by
kdog1ca on Feb 28, 2021 3:13pm
Then I suggest you and your negativity fold the tent up and move on. I'm in the game... you're obviously not! Bring on Nasdaq and the only way that will happen is with an RS. Good luck sour sam!
Comment by
mopar1969 on Feb 28, 2021 3:32pm
I get it. One of my stocks did a reverse when I was down on it already. Worst thing that ever happened to me on the market. The stock will have to go to some unbeliveably high number to get my money back. .
Comment by
kdog1ca on Feb 28, 2021 3:43pm
Reverse on the way down is MUCH different than reverse on the way up... 2 different animals...just like RS to stay on Nasdaq is MUCH different than RS to GET ON Nasdaq.
Comment by
mopar1969 on Feb 28, 2021 4:46pm
Whatever, you end up with way less stock, therefore the stock has too gain a lot more to make the same amount of money.
Comment by
kdog1ca on Feb 28, 2021 5:03pm
Smartest thing I've heard all day! Thanks Edcando...
Comment by
kdog1ca on Feb 28, 2021 5:01pm
Market cap is market cap. 500,000,000 at 20 cents is 100,000,000MC 50,000,000 at $2.00 is 100,00,000MC Only a worthless company would drop in MC because of an RS. Ones in the know look at market cap...not share price. How do you do your valuations?
Comment by
mopar1969 on Feb 28, 2021 9:26pm
Wow, people can get so excited. I wasn't talking about market cap. I wasn't talking about getting onto the nasdaq. I was simply referring (without mentioning it, I admit) to a press release around the time of the halt which mentioned it, which had nothing to do with the nasdaq. Didn't think it would create should outrage. Ask a simple question....
Comment by
mopar1969 on Feb 28, 2021 2:47pm
Thank you. And usually if people have time to react without a halt the stock will tank.