Post by
gotwins on Jan 16, 2023 10:59am
STOCK ROLLBACK MATH
Hi guys!
A few thoughts after reading some recent strong negative views on the potential rollback...
1) yes, the stock could continue to be pressured after the rollback is completed
2) yes, in theory, it is easier for a stock to go from $0.15 to $0.20 than from $3.00 to $4.00
3) if you own $1000 worth of Snip shares now, you will own $1000 worth of Snip shares after the rollback
4) the market cap of Snip is $26mm USD today and it would still be $26mm USD if the stockroll back happened this morning.
5) nothing else changes except the stock at $3 will have a chance to be listed on a US exchange and potentially find some institutional buyers that trade in micro cap companies
6) insiders will still own 45% of the company, they will still have $5mm in cash and no debt
Comment by
stockpickerone! on Jan 16, 2023 2:49pm
They have been doing nothing other than building this company patiently...yet no value being created. So at this point I would say try everything. Even one potential opportunity to get US institutions in is worth it imho
Comment by
OPENHEIMER on Jan 20, 2023 12:07pm
The only way this company can show some stock appreciation, is to show the investor community that the insiders are buying some shares in the open market. Atul, and the others cannot mustur $100K and buy a few million shares to create some positive optics ? However they don't, and you wonder, if this is really a true dream stock with so much potential !!
Comment by
donlin2 on Jan 23, 2023 10:04pm
WELL, let's see what the 4q unaudited numbers and comments are................ they should be only a few days away.
Comment by
gossamer18 on Jan 25, 2023 1:00am
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