Pershing Gold Corp fka PGLC

[Talldude]

Forecasting the aftermath of a Rev Split, often called "the death spiral" in brokerage lingo, is indeed difficult to predict, gzone.

Here's what I don't think penny traders are calculating. This is just ONE hypothetical scenario.

Let's start with: 273Mil Shares at $0.38 close today.

Let's say 1:25 rev split is implemented, trying to achieve say, $4 per in order to get uplisted.

Targeting post R/S of $4/shr at maximum 1 for 25, leaves 10,920,000 shares of common (not fully diluted) divided INTO the $100mil deficit, or a negatory $9.15 /share of accumulated deficit* on the balance sheet.

*THE ACCUMULATED DEFICIT of $100,000,000 brought forward in the "Accountant's Ongoing Concern" opinion statement in the Financial Footnotes of the recent 10K and re-iterated in the S-1/A filed yesterday, both of these are validated by Alfers' signed off on as true and accurate ongoing deficit numbers.

Not hard to see why people who do NOT like R/S are bailing now in advance of the R/S.

Noticed another 500K sh/buy on the close, for just one example. There were large blocks sold near the close, as well.

Anyone want to wager whether or not B Honig bought that 500K chunk at/on/near the close today?

Looks like the strategy is to buy up the float before the R/S is actually implemented.

Those who recall the earlier discussion on this forum with expert poster, Janice Shell would do well to go look up the FINRA daily website report in order to track just when approval comes down. Effective Date will NOT be pre-announced, but it will be posted after approval by FINRA on that link acc'd to poster Janice Shell.