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Look... All this talk of splits imo are Pure Bunk...
Until you see a definitive agreement voted by the BOD to do such a thing and by how much... One should not even think about stupidass ideas because it's all talk and bullchit walks.
I stand corrected... lost my train of thought for a sec lol
it lowers all... even preferred.
You have no idea what you are talking about...
"A forward split gives the share holders more shares and halves the price, depending on the split. This would increase the OS. A reverse split lowers the OS which allows for them to issue more shares."
And a reverse split gives you way less shares.
BTW if the R/S lowers the A/S, how will it be that more shares will be issued. Majority of Reverse Splits are done to raise the PPS so the stock does not get delisted. This is not the case here.
In a growing company, would you rather have more or less shares?
99% of all companies that do a R/S will lose 35% - 40% right off the top...
How many companies do you know that go the opposite way?
So you are talking about scams and how they work...
and how you are thinking.
thanks.
Think about what it does to the share structure.
Authorized Shares
6,000,000,000
08/31/2019
Outstanding Shares
3,494,072,040
08/31/2019
More than half have been issued...
Market Value based on O/S = $2,445,850.423
If they are going to raise money, then go Forward. You want to get rid of small investors, Reverse.
sell please. I am buying because of the ignorance.
Look up the definitions and meanings... the article is wrong.
What would be that reasoning? to lower if they are needing shares...
especially when the value is under .01?
Increasing the A/S means nothing...
Do you know the meaning of Authorized Shares and Outstanding/Issued Shares?
It's NOT an RS... Hace you ever studied how the market works?
Probably not or you would know better.
Think about it... A Forward Split divides the current share structure into more shares but lowers the pricing.
A Reverse Split INCREASES share price but lowers the amount of shares.
If LIBE is looking to increase their shares, then it's a fprward not reverse split.
They need more shares? A Reverse gives them less!
That was probably an assumption by whoever wrote it... Because they don't know any better esp in the OTC/Pinks 99% are R/Ss LOL
FORWARD NOT REVERSE SPLIT... LOOK IT UP!
Let's try to understand the Split... Is it a Reverse Split or Forward Split that they intend to do???
If they are looking to increase the amount of shares, a Forward Split might be the answer...NOT Reverse Split
Stock Splits
Stocks trade in the secondary market at a price per share that is a function of supply and demand. In a regular stock split, the management of a firm has decided to increase the number of outstanding shares. For instance, if there are 10 million shares outstanding that are trading at $148.50 per share, a two-for-one stock split would increase the outstanding shares to 20 million, each priced at $74.25. Each shareholder's number of shares will double and each share's price will be halved. Management undertakes a stock split when it wants to decrease price per share, for instance to make shares more attractive to investors of modest means.
Reverse Stock Splits
A reverse stock split, or stock merger, results when management cancels outstanding shares, consolidates them and issues a fewer number of new shares. For instances, if a company's 50 million shares are selling for $0.75 each, a 1:100 reverse split will result in 5 million outstanding shares selling for $7.50 each. This higher price tends to make a stock more "respectable," and removes the threat of delisting from the stock exchange should the share price fall too low.
Eliminating Small Shareholders
When a stock reverse splits, shareholders who hold less than the specified number of shares will receive cash instead of new shares, ending their status as shareholders. For instance, a 1:500 reverse split will eliminate shareholders who own less than 500 shares, since there is no provision for a fractional share. A large reverse stock split is thus an effective method of lowering the number of shareholders. Cashed-out shareholders may not appreciate losing their stakes in a company. To them, the reverse split is not beneficial.
Forward Split
If a company uses a reverse split to reclassify itself by shedding stockholders, it can undergo the reclassification and then immediately issue a forward split that reverses the reverse split. This reestablishes the share price to pre-reverse-split levels. Forward reverses used in this way are almost always preceded by reverse splits. Management benefits from forward splits by effecting a reduction of shareholders and establishing a more desirable classification without affecting share prices.
https://www.sapling.com/8149893/do-reverse-stock-split-benefits
If they want to do a R/S
TV hey should put in writing and what ratio they are going to do it. Otherwise, it's ONLY TALK... NOTHING'S CHANGED.
Outstanding Shares
3,494,072,040
08/31/2019
So today over 2.8 Bil traded...
Must be over the float but not far off of the O/S lol...
A lot of shares prematurely moved today.
Nice base forming around .0008... after that massive drop to 4s lol
picked up some at 5s... Looking forward toward tomorrow's breakout...
glta
I was just glancing over the 8K... NGEN seems to be on track as an OEM provider and moving nicely.
2.8 Bil shares ave .0008 over $2Mil... A lot of enchilada
$FRMC - Nice move today
Form 15 out
Nice find... Up 390% and will probably go higher lol
Nice call...
Yup... Just Flippers on the attack...
Wait until after lunch... Buyers come back in and flippers will sell out waiting for tomorrow's open... lol
Flippers... Buy low Sell High... keep on moving your money...
A Lot of morning dilution churning... Not surprised
I like that I can still get cheapies still lol
Looking forward to your Thoughts...
Btw there are no shares available since they were Revoked.
I take it that you do not understand shorting.
Simple.
You sell on the uptick and buy back those shares at the bottom. That closes out the position.
See how easy?
Like buying Puts and Calls...except in options you don't need shares just position.
You couldn't have.
Do you show shares in your account? With or without value?
If so, you still have shares.
Because there are no shares to trade. They've been revoked.
Shorts sold so they have no shares, and because of that, they cannot cover either.
No Short Squeeze since there are no Shorts.
Great.
Like to hear what he has to say.
Should put this in bold also... more relevant
"..Rule 204 provides an extended period of time to close out certain failures to deliver. Specifically, if a failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity."
You know... when I was in High School I didn't even own a calculator
today, you can get them for free!
I really hate doing work for someone when they have the ability to do it themselves... hint
I believe the term used is, "Failure to Deliver"
The SEC does not look kindly on that type of action.
You can use this reference:
https://www.sec.gov/investor/pubs/regsho.htm
Here's the real deal... Shorts sold the stock in hopes it goes down -
Correct?
Now, if they sold out, they have no shares. Correct?
LAHO Registered Stock (ALL Classes) just had their Registration REVOKED, therefore all the stock is VOID... Worthless toilet paper.
Correct?
So where are the Shorts who sold their positions going to get new stock to replace the old stock that got revoked?
Answer - They don't get replacements because the CUSIP changed and will not match to old CUSIP.
Shorts do not get any shares because they SOLD OUT their positions.
So, guess what? The cash they got is based on their short sale, but if there is a new CUSIP issued, and the only reason why there is a new CUSIP is there are newly issued shares that are being registered.
The shareholders that are holding shares, get a replacement, usually 1 for 1. Those with no positions in LAHO will have to buy shares on the open market. Now if that should be the case, what would happen if the new stock opened at .05? Not saying that it will but, with all the interest that is coming in and the size of GSCG in 5-6 different countries... It could actually go much higher.
So, getting back to the Shorts... Do you think, they will buy back their short positions or have to mortgage their home, rent the wife and kids, sell the dog to pay back their short...