Charlie's Holdings Inc (CHUC)

[lowman]

Settle down?

I'm not trying to be a buzzkill, MM. I'm just evaluating if there's a run here, or not.

No matter how ya slice the cake, the a/s has clearly been raised (to 4B, as your post points out) to accommodate the True acquisition.

Whether a 1:150 r/s happens or not, is irrelevant.

BAZI was @ .02 (+/-) with 120M o/s. That's a $2.4M cap.

BAZI used new shares to buy True. Face it.

It appears they used 2.55B new shares, too.

Technically speaking, with the original o/s (120M), the newly issued True shares (2.55B), and the new director's new shares, you're at pretty near a $100M cap, at .037.

Even with a 1:150 r/s, you're still sitting at near a $100M cap, since r/s's do not technically themselves change the marketcap.

Had BAZI acquired True without any new shares, then yes, you got a run.

Such is not the case though.

Until audited revenue ($5M-$20M, depending on other debt) from True products justify a $100M marketcap, watch for a 'correction'.

Especially since BAZI now has to finance production, which is probably why the a/s was raised to 4B, though the o/s is now only around 2.7B.

Please, don't shoot the messenger. Thank him instead, for saving you from getting too deep, too soon.

There's a reason such stellar news like Safeway only sold approx. $10K worth of BAZI shares yesterday.

Think about it.

(It ALL, always comes down to marketcap.)