Wednesday, July 12, 2017 9:02:50 AM
Sorry the reverse split (assume 100-1 reverse split) will happen and they will sell shares at assuming a price of $10 per share and they'll sell 50 million shares.
I will say this, you got in pretty cheap, so assuming a 100-1 split your price per share is $3.44 and even after they sell an additional 46 million shares. That'll mean there are 50 mil outstanding. So if the company is acquired for 500 million that'll be $10 per share. 1 billion $20 per share. 2-3 billion would be $40.00-$60.00 per share. You will do well with this investment.
The people who won't however are the ones who got in before the previous reverse split, they really got screwed by Tony.
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