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I thought it would go over a dime before sliding. Next news blip will make it a dime. We were so close. Lots of volume today. Going back down into the 5’s or 4’s will suck for sure. Did you dump as well and waiting to reload?
Some are saying if it goes above a dime, it can go anywhere. This can be fun. Some saying it could be another ffie. Don’t know about that one, but would be fun to watch.
Wonder what it will reach by morning.
90% of R/S are horrible. Within months or sooner, it goes back to original price and you have a tenth of the shares. No matter what anyone says R/S rarely and I mean rarely work out.
Looking good the last couple of days. From the article I read, this looks very bullish.
Unfortunately I didn’t see Bned till a short while ago. I grabbed just under the 10 buck mark. Seems to runs in a 9.50 to 10.30 trough. What is in the future here? Don’t hear much of what is going on behind the scenes. Would be nice if Elon or some deep pockets would buy this struggling company.
$BNED FDC is transforming the business model to subscription based recurring higher margin income streams. Say 50% of $1.5bil revenue becomes subscription based and 4x multiple gives $3bil market cap and we haven’t even included the other $750mil. 10 bagger.
— GregariousTiger (@GregariousTiger) July 24, 2024
Me too. They try and BS everyone with the “we have to do this to stay in the nasdaq”. That kills the shareholder especially when like you said, it will be at a nickel again soon. Glad I got out as soon as I heard anything about a reverse split and how good it was going to be for the company and shareholders. Not even good for the company because no one has faith or trust in the controlling interests anymore.
More buying than selling today. Kind of like it. Any new news here?
Yes I did. I didn’t have near the shares you did, but I didn’t want to have a tenth of that. Only for the price to go under a buck again when they flood the market with AS shares to the OS again. Seen it way too many times. Good luck to you fella. Seems like you and I are the only ones here. Maybe it is employees trading the hundreds of thousands of shares daily, but it is way too dead for me. I only have a little play cash anyways. Make some money fella.
I’m done here. There no interest, and company wants to screw over the shareholders with (in my mind) a split and then a dumping of shares back into the OS. Thats the second stock controlled by the Middle East that has done that in recently. I guess when you got the money, you can control the market, deeply screwing the little guy.
Question here is how can they reverse when they only have 6 million in the OS? Split it and then dump back into it making the shares even more worthless? Sounds like a company with no strength and yet their profit were up 60%. I don’t get it.
This is the quietest board ever. Anyone here what the outcome of the vote of splitting shares? Anything on the gulf using jfbr AI?
Harry I agree with you. With the huge money controlling this ticker from the Middle East, saying they WANT this reversed and the AS loaded up to 40,000,000,000. I don’t think they will give a penny till it does. So it’s a stalemate for now. I don’t think will get above .60. I could be wrong, but I’m thinking like you load up again at 30’s or even 20’s and dump again in high 40’ or low 50’s. Good money maker that way. The closer to the inevitable split the lower it will hold. JMO
I got out for that reason. Not sure on the reverse specs, but after the reverse, it will be under a buck again within 3 months. If they can’t get the pps above a. Idk organically, they don’t have anything to strengthen the company. Just selling more shares. The Arab interest (who controls the money) wants the split and then the AS to go to the billions. Why would they want that? They would have a huge market cap, but that is only because they diluted the share value so much. Total BS. This is JUST MY OPINION. I don’t want everyone to lose their money, but this is very telling.
Wonder why the company isn’t trying to get exposure, or isn’t that they’re focus right now.
You would think with good revenue news if r would spike up. I saw a post where jfbr was heavily shorted. Don’t know how true that is and what effect it will have on it, but with such a low OS I th8nk would move quickly if it gets some attention.
Hello? Anybody on this board?
Company
It out news that the revenues were 60% higher, but haven’t seen anything official.
Good volume here today. Any word on what’s going on?
Ironman you are spot on. A reverse 99% of the time goes right back down to the pre-split price after every makes a dash for the door. If this splits we are done.
I totally hear ya. I’m just SO of these companies selling us a bag of sh*t, telling of great plans, knowing all along they are just going to steal our money and paying people to pump it back up. It’s really criminal with them having ALL the aces.
That’s what I thought. Us commoners have no say so and the company can keep splitting (suppose to be only annually) as many times as they want. Thought was just an OTC scam thing.
Yes but I think only insiders get preferred. We get stuck with commons which get beat up reduced shorted and diluted.
And following the reverse the UAE sheikh that is interested wants the AS to go up to 4.1 billion. How does that help us. We will be SO diluted and have a tenth of the shares we had. There is no way that helps the shareholder. They probably don’t care because they will have preferred shares which don’t reduce. That total BS. Don’t like it. I thought the nasdaq was better than the OTC. Doesn’t look like it.
Tahoe…how are they going to reverse the stock to get the pps over a dollar. At the very minimum 1 for 3 which is totally unlikely to get to a dollar. That would leave OS under 100 million share approx. then raise the AS to 4 billion. Our investment would be totally worthless if I’m seeing this straight.
Could be, but I’ve seen it way to many times. I just hope the it is done organically.
OS will be half a billion within 2 months easy. All in the name of we have to attract an investor. Total BS. Sell the product, not shares. I’ve seen one, just one, stock benefit from a reverse. And this is no pcln. If they can’t interest some one with over 500 patents, something is majorly wrong somewhere. JMO. Never liked splits. The company has to BS you to keep you around, because it is a failing company. I would rather see it go to OTC than a reverse.
Sure hope you’re right. A reverse will kill it. After the split it will tank back under a buck very quickly. Probably never get back to where it is now, because they will lose the faith and hope from any investors. Seen it many many times. Like you said. We don’t need a reverse, we need the UAE to get a REAL interest and buck up and invest or just buy it. Plain and simple.
X… have you ever thought of opening a thread on telegram? I’m not a member and only get 15 posts a day. It would be cool to get further conversation on that thread and it can be controlled a bit better.
Any reverse here will kill it. They always come up with we have to reverse it to stay on nasdaq. No one wants to have 1/40th of their shares only to have the stock fall way under a dollar again. It never stays up because people lose faith in a company that keeps splitting and throws a ton of shares back into the mix. Only to drive it down further. If this splits, ffie will be lucky to trade 100,000 shares a day and most will be sells to get the hell out. 90% of reverses are done to bilk shareholders and come back with fluff to have them buy more, only to lose again. Sad but so very true. They needs to get contracts assigned and not worry so much about putting lipstick on a pig. I would rather have them get delisted than to split. At least I wouldn’t lose another 40% of my investment.
I saw those posts about hiring 300 new employees in a bunch of depts, on X, but not saying anything about them now. Maybe someone just wanted the pps to spike to get out, but it sure didn’t work.
I would think it would have to be approved by the nasdaq board. Thats the whole reason I got out the otc Pennie’s is that naked shorting and mm’s couldn’t just have free rein. The nasdaq board can just say nope… not going to let you and we will notify the sec that you can’t. WHO is here to protect the honest investors? Thought that was the reason for these organizations in the first place. Are they as corrupt as the government? Stupid question isn’t it? There will be a special place in hell for such people.
Then why would they put out news that they are “proposing” one and raining the AS? Seems they are trying to knock down the pps.
What’s the ruling on them? That was only 4 months ago.
I was told they did one in march and couldn’t do one this soon.
Iggles. How can they do a reverse if they just did one in march.
What happened to the news of hiring of 300 employees? Was that all BS?
Is that what is going on? Thought it maybe fake news about the employees and people bailing. Hope to hear about it soon.
Yes they have to wait for a specific amount of time. Good to hear. They better done something quickly or they won’t recover from all the holes in the boat.