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Re: Rick026 post# 29549

Tuesday, 03/29/2016 10:34:14 AM

Tuesday, March 29, 2016 10:34:14 AM

Post# of 39680
At the open, it will be $2/share (1:20k reverse split), however other than someone trying to paint it for 100 shares, that price won't hold.
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.

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