Post by
reefercat on May 09, 2019 5:15pm
Reverse split!!!
If it happens and if it's 6 to 1. Between .18 and .24 post r/s should be a good entry point I think. Fingers crossed.
Comment by
Newguyrook on May 09, 2019 7:02pm
Are you mental? You say the same dumb sheet on other boards... What makes you think this already low market cap will go to half what it is at now? Wow
Comment by
INVEST4LONG on May 09, 2019 8:32pm
exactly , you are right. reverse split is only gonna reduce number of shares not the valuation... there will be just more price action... dealt with reverse split before in different stocks ... most of the time people sell the stock when its a reverse split.
Comment by
AHRBull on May 10, 2019 7:41am
why should anyone sell the stock after 6:1? If I own 1 mio shares for 0,05, I will own after the consolidation later 166.666 shares, purchase price will be added up to $0,30. why should I sell? why should anyone else sell? that doesnt make sence. this consolidation is just cosmetic
Comment by
AHRBull on May 10, 2019 7:58am
the whole deal structure is placed @ 0,05 cad. company raised ~ 30 mio. cad in 2018 for 0,05 a share. this is after consolidation 0,30 cad/share. why should anyone sell after it? they dont have profit. so no one will sell below 0,30 cad. simple math, isnt it?
Comment by
INVEST4LONG on May 10, 2019 9:46am
it is simple math yes, but unfortunately people still sells....more room for stock to go down after reverse split.... and thats the time to add more...
Comment by
AHRBull on May 10, 2019 9:54am
why should they sell if they have a loss? come on.