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fingers....YOU MIGHT BE RIGHT ON THIS ONE. I am buying back in after the split.
Every RS I have been involved. Which is quite a few. I bought back double to triple the stock for the same money I had in it before the split
I agree my friend! RS is most of the time not effective..will see what happens for ctrm!!!
Yes reverse splits are always risky...most of the time they do not work out...in some cases they do I was a holder of LH they did 1:10 reverse and went up and up....but that is rare....not a fan.
it was .015, then post was .09ish. then dropped to around .03 ish after, then pow. straight up to like .55. then drifted to .15 again, then pow, to like .85 or so. just like that. when it was FNHI, then became WKSP soon after the initial 1 for 6
Yeah the price could fall further... risky at this point
Sell before the split. Too late on this one. After the split, wait until the price plummets, then buy.
fingers. .What was the price of their stock just before the split? What was the price after the split? Something not adding up. Stocks usually split to meet NASDAQ minimum requirement of $1.
#CTRM stock?? reverse stock split this week!! should you buy/sell before the split? #CastorMaritime
i already gave an example of a RS that turned out great. did yu look? idiot
* * $CTRM Video Chart 05-24-2021 * *
Link to Video - click here to watch the technical chart video
i have to admit. right now this isnt looking good . smh. CTRM
FNHI/WKSP they did 1 for 6 and went to .85 which represented 700% higher and still is hanging around .35. havent looked lately. and theyre OTC
fingers.....Any reason why it is tanking after such a great announcement?
Where are you getting your information? This is not a blue chip company. Give me some examples of penny stocks that have done well after a reverse split.
Still tradeable and there will still be opportunities for swings
youre SO wrong. hundreds of GREAT companies...yes ...even some blue chips have RS only to be the bext growth stocks to date. yu do the dd. nasdaqs that do RS for light such as 1 for 10 end up perfectly fine.
CTRM ---> REVERSE SPLIT is never a good thing.
Here's why? You recieved less shares for a higher price.
Refinance = Debts. DEBTS = DILUTION.
Of course they will dilute shareholders.
If the company is in good standing they would have "Buyback" shares or eliminate DEBTS... In this case. Company is turning out to be a POS.
What are you talking about? There's no record of them reverse splitting before this one
just look at the 3 year chart ... after reverse split, it just kept falling down down down ...
sounds good. much lower SS and nasd listing secured!
The reverse stock split will take effect, and the Company's common shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market ("Nasdaq") as of the opening of trading on May 28, 2021. The CUSIP number of Y1146L125 will be assigned to the Company's common shares when the reverse stock split becomes effective.
CTRM is NASDAQ, right?
Nasd..yes yep. . OTC no...
wrong. most small reverse splits from nasdaq companies like this go way up after. i got plenty of experience with these. CTRM
None do they all fall back to the original price and we're going to be left with less shares as always
i can name you one thats on OTC. WKSP. it was FNHI when it did a 1 for 6. pre split the stock was at .025. post it was around .12 then dipped to .04. went to .85. now at .36. usually these small RS good companies will go up a lot after the initial drop as it did after hours today. i like the buying op honestly.
no it wont be. 1 for 10 is not bad at all. they will keep their compliance this way. imo up from here.
The kiss of death!!!! Hard pressed to think of any stock that goes up after an R/S
* * $CTRM Video Chart 05-20-2021 * *
Link to Video - click here to watch the technical chart video
* * $CTRM Video Chart 05-19-2021 * *
Link to Video - click here to watch the technical chart video
* * $CTRM Video Chart 05-18-2021 * *
Link to Video - click here to watch the technical chart video
* * $CTRM Video Chart 05-17-2021 * *
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Buying great ships at rock bottom prices CTRM$$$$ Biden forcing companies overseas. Biden destroying the environment buy causing more shipping. CTRM$$$$$$$
lol new vessel acquisitions and more dumping.
this mf buys al the shipwrecks from his father with shareholders money.
* * $CTRM Video Chart 05-14-2021 * *
Link to Video - click here to watch the technical chart video
* * $CTRM Video Chart 05-13-2021 * *
Link to Video - click here to watch the technical chart video
Merry Christmas!!!! Load $$)))))
* * $CTRM Video Chart 05-12-2021 * *
Link to Video - click here to watch the technical chart video
* * $CTRM Video Chart 05-11-2021 * *
Link to Video - click here to watch the technical chart video
I have to agree - weirdest ever ... wtf... news has the opposite effect or is it affect...
* * $CTRM Video Chart 05-10-2021 * *
Link to Video - click here to watch the technical chart video
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