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Tuesday, March 29, 2016 10:34:14 AM
There will be a period where current shareholders can't sell because their shares haven't been split yet. So the only sellers will be new buyers or insiders or toxic debt lenders.
Be careful of high prices during this period as they try to lure in buyers for the "cheap shares" ("hey they were $2 yesterday, $1 is cheap" will be the sort of temptation you'll hear).
Once the shares are converted, you'll likely see the price fall to pennies and then sub penny and over time, back to $.0001 as shares once again get diluted.
“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken
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