Post by
Wangotango67 on Mar 22, 2016 12:21pm
I WOULD BE IN FAVOR OF A ROLL - IF.......
1 - There was a fair assesment of where to value the 10 - 1 roll back - would it be a rolling average since last year share offerings ? What about all the buy ins @ 7 cents - is that a good number to average it out ?
2 - if so - a 10 -1 roll with a 7 cent water mark to begin with - would place it at $.70 cents right ?
(please correct if im wrong)
3 - If this was the case - and along with PYD - having ace cards - lotsof more growth - to press out right aftter the roll - then i could be assured |(less stressed) that the stock has all the more chances than just relying on Q-4 official release and Q-1 - hence - there has to be more solid advancing - to add some sort of extra guaranteee - that the stock would rise - not faulter....
4 - If this was the case - i could have more faith in it.... In achieving the $1 status and beyond...
At the .50 cent mark - i just don't know....
5 - Yes... I'm new to stocks- and this is a real shocker - but ... i know others have gone through this sort of thing before - and some companies make it others bottom out....
6 - So - my question is .... how do they arrive at a price.... ? Do they do an averaging - entire year ? Please say they don't use the current price - like right after announcing a roll back and include such a news bottom out - affecting number....is that fair ? Or do they look at a longer period of time... If so - i would be far happier and hopeful - if it considered the 7 cent majority share offering buy in.... a weighted averaging.... ?
Sorry to be so upset.... I'm just shocked.... having waited so long for good results...
Cheers !
Comment by
VPofFNE on Mar 22, 2016 12:39pm
Wango, what the hell are you talking about? The split is 10:1. If you had 10,000 shares, now you have 1,000 shares. If the stock was trading at 4.5 cents, now it's trading at $0.45. Google "reverse split", then read for awhile. There is nothing here to be upset about in my opinion. Some people don't like them, however I believe it will be just fine for PYD. VeeP
Comment by
SilverSaver333 on Mar 22, 2016 1:03pm
Unfortunately, they use the price of a stock at the time of split. If the financial release actually ends up having positive EPS. It would be nice if they waited until right after Q4 News to do RS. That way any upswings will be factored into the new price. That could prevent any losses below PYD'S current market value.