Post by
pacer001 on Dec 21, 2023 3:35pm
Recafers up coming TRICK?
With the year end soon, look for Recafers to pull this last ditch effort to keep Recaf from being delisted as most exchanges require stocks to be valued at like $5 or some such number among other requirements at certain points.
So they will redenominate Recaf in a reverse stock split say 10 for 1. So if you have 10 shares @ .60 per you will now have one at $6. Nothng really changed except it fools unsuspecting and naive investors into thinking their stock has soared.
As the saying goes "one can put a lot of lipstick on a pig but it is still a pig." And Recaf is one big porker!