Post by
nozzpack on Aug 15, 2024 6:22pm
Auteco ..Firefky consolidates 1 for 15 at 3 cents
..in late 2023 .
It's now at $0.76 per share despite several equity based financings since then....over 80% gain despite two signifucant equity based financings ...
Its the asset value and earnings potential of those assets that are obscured when those assets are valued in Pennies which no fund will invest in but which penny investors try to squeeze out tiny margins on a single penny change.
So many examples of such share consolidations greatly and consistentlybbenefiting shareholders , yet most investors automatically assume that what happens when moose pasture is the only asset, also applies to stocks with great assets who are.brutally undervalued just because they are penny stocks.