Post by
OILGENIE on Feb 06, 2021 11:40am
MEANS THIS STOCK WILL BE 3
WHEN rs IS 3 TO 1 BECOMES A 3 DOLLAR STOCK THEN TANKS BACK TO ONE
Comment by
teamcannabis on Feb 06, 2021 11:48am
why would it tank, if you dont sell it goes up. supply and demand rule
Comment by
OILGENIE on Feb 06, 2021 12:45pm
IT WOULD TANK BECAUSE ITS NOT WORTH 3 DOLLARS AND WOULD FALL BACK TO THE START PRICE ONE DOLLAR
Comment by
OrphanAnnie on Feb 06, 2021 1:14pm
Market cap stays the same genie.
Comment by
OILGENIE on Feb 06, 2021 1:24pm
yes but the new sgare price isnt if they RS from 1 new price will be 3 I would prefer NO RS just let the price rise on its own
Comment by
OrphanAnnie on Feb 06, 2021 1:50pm
The only effect will be the number of shares being traded daily. This could affect SP movement but that being said we should also see more interest from being listed. Keep in mind the dollar mark (which we may hit this week) will help with an upward trajectory. Then positive financials will release in March. Nothing holding this one down.
Comment by
teamcannabis on Feb 06, 2021 2:47pm
thats why you don't run the company. can't wait, us legalization is on the way
Comment by
Digger20 on Feb 06, 2021 12:46pm
If it were to go back to a dollar wouldn't be at risk of being delisted??? Can't see that happening but could be a bit of a drop ... can't see that gapping.
Comment by
Balochay on Feb 06, 2021 12:53pm
It will not tank back to $1 bcuz the minimun requirement is $3.80.
Comment by
BigBagofWeed on Feb 06, 2021 4:35pm
https://simplywall.st/stocks/ca/pharmaceuticals-biotech/tsxv-hiti/high-tide-shares#intrinsic-value. 85% undervalued at 78 cents.