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Re: Condor65 post# 7974

Saturday, 05/27/2017 8:23:14 AM

Saturday, May 27, 2017 8:23:14 AM

Post# of 12125
Let me give you an example... or for those considering investing in this black hole... a warning:

Fred buys 4000 shares of GEVO for $0.75 back in June of 2016. He now has $3,000 invested in this company, and is impressed with the picture painted by recent news of a potentially bright future.

Six months later there is a 1 for 20 reverse split of the stock, leaving Fred with 200 shares. Within the next month, there is a secondary public offering that within the following few months leads to his 200 shares to become worth about $0.75.

The net result here, is that Fred's 4000 shares @ $0.75 each... $3,000 investment in GEVO has become 200 shares worth $0.75 each for a total of $150 in a matter of less than a year.

Think about what Fred's investment would look like today if the company hadn't carelessly decided to do a reverse split / SPO combo where the net result left some shareholders with only 5% of what they originally invested. Whether GEVO saw that coming or not, it proves they have no regard for shareholders. Who's to say they won't do that again?

Fred is a loser, don't be like Fred.



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