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Haha, right. Go in peace. You knew exactly what I meant all along and were just fishing for contention. Hence, the rhetorical questions, arguing over semantics, and everything else you were called out on from the beginning. Whether short or long, I wish you the best.
My point, exactly. Pretty basic concept, for most people anyhow.
Alas, I don't have a simpler way to explain it to you. I already tried twice to no avail, so a third time surely won't make a difference. GLTY, sir.
I already answered that, but then you shifted to arguing over semantics. Perhaps you have ulterior motives in continuing this discourse, which I alluded to earlier regarding your rhetorical questioning. Again, shorts would love nothing more than to short this stock into delinquency and delistment, which would likely mean a cheaper cover on the OTC. The reverse/split "counters" that agenda by keeping the stock in compliance with NASDAQ's rule of a minimum price of $1+. I understand that by doing so, it allows shorts to more easily add to their position. I also agree that shorts have made a ton of money off of this ticker, and that DM needs to deliver.
I thought we were discussing the pros/cons for shorts regarding a reverse/split and not arguing over semantics. My mistake.
A reverse/split may reduce the margin requirement, but it also entices shorts to increase risk by adding to their short position. Apart from a bankruptcy, that short position will eventually need to be covered in full in order to minimize parasitic drain from the CTB. A delisting is just one of many ways to try and make the position cheaper to cover.
What I can agree with you on however is that DM has a lot to prove. The onus is on him. While corruption abounds in the stock market and naked shorting is rampant, too many CEOs nowadays are decrying the aforementioned in lieu of building the business and generating profits. I don't know how many CEOs I've heard over the past year threaten to address FTDs with ShareIntel while not focusing enough on making the company worthy of investing in.
Perhaps so. There are two listings presently in my account: one with the pre-R/S CUSIP of 62526P208 and the other with the post-R/S CUSIP of 62526P307. I'm confirming that the latter can be sold if desired. Maybe others have a different situation.
What? I've had the exact same moniker since joining iHub two years ago on 08/11/2021. Again, this discussion might be a bit too heady for you. Maybe you should just go back to stacking alphabet blocks, and we'll call you when it's time for recess.
Not sure if you're being rhetorical or not at this point. Are you? Shorts maximize gains by driving the PPS down below regulatory standards in order to provoke a delisting. Historically, when stocks transition from NASDAQ to the OTC, they get brutalized (many become bankrupt). Therefore, a reverse/split helps keep the stock compliant and listed on NASDAQ, albeit with an artificially inflated price that merely implies value. In essence, it's just a parlor trick. You've been on iHub since 2011 and have 47K+ posts here, so I think you already know all of this. Therefore, what's your angle with the inquisitions?
Ad hominem? That's the best you can do? Not helpful in furthering an important discussion. Go back to playing in the sandbox... the adults are speaking.
Completely untrue. Retail CAN sell on Schwab, and Schwab owns TDA, so that means quite a bit of retail can sell if desired.
Sure, a 1:10 or higher ratio would've provided more of a buffer, but then no more reverse/splits could be utilized to counter the crooks that illegally short-and-distort this stock. Even a 1:100 ratio couldn't scaffold the PPS for long while under so much selling pressure. Don't get me wrong, I love shorties; they assume all of the risk through illegal practices while banging prices down for longs to capitalize on. Also, they do well in promoting skepticism and exposing fraudulent activity, albeit while being frauds themselves. To that end regarding $MULN, DM needs to put up or shut up. No more gimmicks (black boxes) or lip service. What's necessary moving forward is undeniable proof of legitimate production, transparency through consistent PRs, and the prudent handling of any revenue generated. Even then, it might not be enough to avoid a delisting since the SEC could require more than 20 consecutive days of closing at $1+.
C'mon, don't be coy (deceptive). You know why a 1:9 ratio was chosen... to avoid breaking the Excessive Reverse Stock Splits rule. A ratio of 1:10 or above would've broken Rule 5810(c)(3)(A). You know that.
Maybe when it hits $0.0001. Thanks for the financial advice!
Not a single thing you've said makes sense.
Well, you're supposedly hard of hearing (and understanding).
Again, Big Brother... I wasn't talking to you. Can you please just allow yadotn to respond?
Was I talking to you? I think not. Please, let yadotn respond.
I... am... (G)$ROOT.
Time will tell. Sluggish legislation doesn't help.
Who knows?
Wen moon? Where lambo?
What's going on, $BOTY? Still sweaty and rank?
Yeah
99% is of course a bit too high of an estimate, but probably a majority (51%+) are not safe to invest in.
This stock has been mercilessly hammered for years.
Nice idea, although this usually accomplishes nothing.
PPS be chilling below that $1 minimum.
Is Chang still banging out those Form 144s?
The mick knows best! $MARK has been showing support at $0.90 for a while, but for how much longer?
They've been doing pretty good with the PRs, although it hasn't affected the PPS very much.
Might be a reflection of the market and overall economy. Lots of uncertainty leading into next year's events.
Cannabis is not a panacea. Plenty of uncertainty surrounding its long-term effects.
Most indicators are untrustworthy in an unstable economy.
Most of the market moves in tandem. Countless stocks are suffering from recent fed hikes and a struggling economy with an uncertain future. You know, bigger picture stuff.
No news lately from the company?
Pretty much, barring few exceptions. Any news lately from Ashley? I'm no longer on social media.
This place is a ghost town.
You've been fearmongering about a reverse/split for ages.
I was curious of the same. Anyone know?