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S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,464.40
(
0.26%
)
Dow Jones
38,675.68
(
0.00%
)
Brent Oil
83.47
(
0.41%
)
Bitcoin
64,292.40
(
0.46%
)
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Re: icahn4 post# 1177

Thursday, 09/01/2016 6:39:05 PM

Thursday, September 01, 2016 6:39:05 PM

Post# of 2830
Well, it's called dilution and per my estimate, they just increased the outstanding shares another 15- 20 million over night. Per market cap of $ 28.27M at $.077 equals 367 million o/s plus. Hence, the reason for the PPS to fall back. We'll be seeing $.06 in a week. IMHO

They have been doing this for years. Great opportunity but, the PPS just can't seem to pick up any steam before they dilute more. Just the way it is. Sorry for pointing it out but, it's a fact with this stock.
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