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Typically first allocated share...short the stock or sell!
Each brokerage has their own process for releasing shares after they have received the allocation.
I think the company is going to do whatever it takes for them to maximize their profit.
If I sold you a hundred shares at $1 each...then announced a 4/1 reverse split...you would have 25 shares at @$4. Then me and my business partners would short the stock down to say $1 a share....you now just getting your allocation own 25 shares at $1. I just squeezed you out of $75.
Regardless of price...the concern is when will “your” shares be allocated for trading??
“Typically” the price falls quickly and if you don’t get shares until a week later the pps could be significantly lower.
Once this happened to me an a buddy of mine
I got my shares a week early than him
I recovered about 90% of my investment ..he “lost” about 60% of his.
You were right
My concerns come from simply thinking that the share price should always reflect the value of the company.
When it come to income streams for Metrospaces...stock is at the bottom of the list.
I wouldn’t go that far but it is obvious that common stockholder value is secondary to the daily business operations as it should be.
In the meeting when they finally decided to spin off Etelix and provide a dividend they probably got over excited, which is ok, but CEO, attorneys, and investor relations should’ve had their own meeting before disseminating news!
Who is really selling here...?
Probably his country is sanctioned as well!!!!
At the moment Psnxd has hardly any volume or movement!
Too bad they won’t let Mspc move up
We could have been at a penny already. They the otc and Mspc stifled it ...
15 mil @ .01 = 150k
After split
100k @ 1.50 = 150k
Unfortunately
I think it would’ve been easier to reach .01 from .0005 than
1.50 from .075
1 miilion Mspc today is 400
1 million Psnxd today 3,290,000
No shares bought or sold today so far
Check out freemoneys post ...
That basically 1,771.380091553538 Mspc shares for 1 Psnxd share correct
Maybe you can take 44% of the closing price of PSNXD on 7/11/18 and divide it by the the closing price of MSPC.
3 time 44% = 1.32 divided by .0005 = 2640 Mspc shares for 44% of $3.
Basically you could get 1 psnxd share for every 6000 shares of Mspc you own.
6 million shares = 1000 shares psnxd
Just guessing probably completely wrong!!!
I hoping for the same outcome as you describe....if pps goes up it will be the first time for me in my limited experience. Fyi(I will break even at about .20)
Is the dividend based off the 44% market value of PSNXD at the close market 7/11/18
R/S fact...newly priced shares will not be available and or released by brokers at the same time.
People receiving shares early will sell quick if share price gets shorted and or begins to fall (which seems to be always the way it goes). Others receiving shares later will not have the same opportunity! Been there done that
Repost from 7/9....Because so many shares at ask I think the MM’s are fulfilling contract to move as many shares as possible regardless of pps...which looks like a setup to eventually to a split.. then quick sell off by the company...then they buy back of cheap shares!
The problem with a R/S is that you will not be allocated your new shares at the same time others get theirs ... thus the pps drops as the first groups sell and short leaving you with practically nothing.
This happened to me and a buddy..
I sold mine a week before he got his shares...he lost his shirt and got a least half of mine!
PSNXD ...traded a whole 12 shares so far today
12 shares traded...where is everyone
Well they only traded 594 shares today and closed at $2.61
Looks like it may take quite awhile to get to $10
Because so many shares at ask I think the MM’s are fulfilling contract to move as many shares as possible regardless of pps...which looks like a setup to eventually to a split.. then quick sell off by the company...then they buy back of cheap shares!
(Etelix has only had about 600 shares bought and sold today...not much interest.)
IMO They’re gone...puresnack was an empty shell until Etelix bought the ticker. That is what a reverse merger is...companies do this to avoid having to go through an initial stock offering and the red tape involved.
Check out Ldsr ... data443 reversed mergered into that ticker.
A lot of times reverse mergers are like scams...like somone buying a junket and throwing some paint on it and selling for twice what they paid.
Bllb was like that.
I don’t think MSPC and psnx are a scam
The longer the wait..
The more people decide to flip!
IMO
PSNX 44%
Pancakes 44%
51% Etelix
Probably a lot of Old money averaging down and of course MM’s selling share allotments!
MM’s hold a friends and family sale
3.5 million away from 4’s
Is this a clearance sale? Reminds of toy r us ...people shopping for cheap prices but don’t really want the products!
4.4 million trades today so far...where are all the active traders?
September 2015
It was at .10 for a short time a few years back !!
And the no dummy headline!
Which was old news and solved a long time ago.
At this point it’s obvious that some 3rd party investors have been promised a .0005 entry point
I would love to be able to engage in active trading between .01 - .05
(12m@.0016)
Shareholders who had been frustrated and decided to sell at the next uptick are dumping their shares