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So I was feeling pretty good about 28 and 29 until I went to follow you guys back and saw in the hundreds and thousands lol. Need to pick my game up haha.
Thanks and you’re very welcome!
Well Stevie wonder could see a drop coming when an RS is mentioned on an OTC runner lol, but sure “congrats” 🙄. To be fair (and accurate ) you should mention that that 90% haircut was very quickly followed up with huge volume and over 100% from lows.it’s no low volume dead cat bounce when it’s 2 days of green heavy volume following that. That’s saying something here. What exactly we won’t know till we do but I’m betting it’s going to be exciting either way. Buckle up folks
Thank you for saying and you’re very welcome
“Ok..
Then why the 600 plus million panic sell off then?”
This can’t be a serious fkn question right? Simple.
because most people are fkn stupid and fearful lemmings who’ll follow just about anybody off a cliff.
I’m not saying people that don’t believe in this company or that a merger is really coming are stupid. I’m not even talking about those that saw the bottom fall out and quickly exited thinking they could get back in much lower (congrats to those who did). No only time will tell that. I’m talking about the people who panic sold only because of an alleged RS doc that may not be real/current/accurate and no other reason. Because some fkn rando foolio on a message board told them too. Like I’ve said a few times. Some hard lessons going to be learned here.
Except in 100% of those OTC cases it had nothing to do with the split itself. It’s just becomes this self fulfilling g prophecy due to the fact that most of the reasons for doing an rs are bad ones (or to try and help a failing company get out of trouble), with huge help from fud spreading manipulators , fearful inexperienced retail, and trend trading algos.
I’m not trying to defend an rs here that I actually don’t even believe is coming. No what I am doing is factually clearing up that a split itself changes nothing in valuation or market cap etc.
This has nothing to do with opinions. Only math. Regardless if a split is forward or reverse , the total value of one’s holdings is the EXACT same the second following a split. Think of your shares holdings in a company as a pizza (let’s say 18 inch pizza). It doesn’t matter if that pizza has no slices, the standard 8 slices, or “1000 slices “. It’s still an 18 inch pizza.
What happens after a split has nothing to do with the split itself. Only the people buying and selling share. Yes most reasons for doing a reverse split are bad so when the price falls after it’s because the company is bad and people want out. The problem is that through a combination of historically bad RS that most often don’t work out, manipulators that know this and take advantage with selling pressure and FUD, and scared retail that don’t know any better (clearly from so many of the repeated absurd questions here). That it often just becomes a self fulfilling prophecy regardless if the reason behind the split.
Be prepared for all kinds of sell pressure and/or fud if and when any of your holdings announce an RS. However it is important to look into the company, its directors, and their reasons for doing an RS before deciding what action one should take.
Let’s assume a few things just for the discussion. I’m not saying any of this is true, but it’s to give an example. Let’s say this merger and all the DD is at least mostly accurate. In this case we’d have a monster merger coming . In that case this would be a good investment regardless of any split or lack thereof . Some great news /revs and the FUD would be nothing but white noise. While clearly I’d rather have as many shares as possible, I also wouldn’t be against an RS here (for sure I’d rather it be 10-1 or 100-1) because I’ve never really liked companies that have billions of shares out (or AS) for any long term hold. Also nobody goes public to give all their money away. It’s generally to raise money. The reason I think this one is fake is because there’s less than no reason to do 1000-1 with a company merging in. I think if this was real it’s old and will disappear or be changed much lower like 100-1?
The same can be said the other way. If this was a scam or merger fell through etc then our shares would be worth about as much as teets on a bull (udderly useless) with or without any split.
No not “maybe so”, but actually how the math works out. Ones shares are reduced or increased (depending RS vs FS) by the numerical value of said split and the price changes exactly relative to that. Anything that happens good or bad after that is on the company, shareholders and/or manipulators.
It’s exactly like when they say guns Jill people. No they don’t. People with guns kill people. The guns themselves had nothing to do with it. Much like any split
Confucius say : Manchild who uses word peeps has no business thinking they have anything to educate people on
Wait what?! So much no. The shares would actually be worth 1000x more. You would just have 1000x less shares. Good grief.
Never mind the trolls. They constantly throw the same FUD at the wall like spaghetti hoping something sticks and god forbid they’re ever right they say “I told you so”. Lol. Meanwhile I made profit selling 2 parts of my position + free shares , and while I’m not a trader I couldn’t pass up the cheapies yesterday and already 50% gains on those lol
No it isn’t coming any day. Good grief. If it ever came and wasn’t faked or cancelled (did nobody else note the par value of $0.0001 making that an old pre merger doc at best?) it would still be many months away.
Who acted violently?! Lol. You asked a question others have asked on many boards over many years. I was merely answering your question. If you think that was violent haha the intrawebs might not be for you
Take 3 pizzas. Eat one folded over whole No slices. The next cut in 8 slices. The last one cut in 1000. It’s still the same fkn pizza. So the reason to buy now (or earlier or later) is the same as it’s always been. If one believes the there is more to come from this merger and that this company will be worth more later than when they buy then it’s a great reason to buy . Same with not buying. The alleged impending RS (doubtful for several reasons) should have nothing to do with either decision one might make. I’m already very happy with my decisions
Well the bottom line is there’s a better chance of it being fake (or old) than not, and if it is real would only be confirmation of some massive move happening here. One thing I find curious is the par value of $0.0001. I wasn’t here in august and chart just shows 00 when in trips, but if that was the price back then then maybe it was a proposed RS back before the merger. Regardless this reaction was way over the top. Some hard lessons going to be learned here
I like shorter ones too. Like Confucius say : can’t remember name of armless hunchback of Norte Dame , but his face sure rings a bell
*ladder ffs.
Some hard lessons going to be learned here
Yea. It’s all fugazi . As for the 2b Vs 4b my only question would be what is our common share OS? Any split, forward or reverse must include all common shares but not restricted? Dang we’d all be rich if we had 1000-1 rs but only on half our shares (the other non affected half would be worth $3.04 at todays closing price lol).
“And please how to talk”? Are you fkn high?! You should try “please how to read” lol. I’ve made profit here twice and the shares I have are more than free. I also never lose even when I lose. I don’t really trade (just sell chunks on way up for profit + free shares) and the winners have so far always far outweighed any losses.
Meanwhile you’d be amongst the biggest losers here even when you make money because I can’t think of one good reason to stick around a board of any company I’m done with. I was going to say if you had a half a brain you’d be dangerous, but that’s a lie. Even if you had a full brain , clearly it would only be pea sized
Waiting on the MOAB…. Mother of all bounces lol
Imo your opinion means about as much as fart masters chart predictions
Alleged RS news that may or may not be real that would have zero bearing on the actual value of the company/potential merger. So to recap. Stupid people with access to smart phones
No it literally goes up proportionally. The only reason it’s considered bad is a combination of the reason for an rs (when it’s a bad reason like to avoid delisting etc) and a ton of dumb people with access to smart phones/market. The it just becomes a self fulfilling prophecy.
No that would be stupid. I invest in Pennie’s and sub Pennie’s with a 15 min delay. These are like going to casino for me. I swing for the fences. And only sell on bigger gains. Already made cash here twice + freebies. Figure the ole adage if never 2 without 3 could work out nicely for me. Time for you to go back to eating your crayons
What’s are current price? I’m on 15 delay and want to grab some before any potential bounce
I am? Interesting. On the other hand you strike me as the kind of guy who goes through a whole box of condoms when laying sod. Haha I’m just playing. You don’t use those although your dad probably should have
What is “down here”? I think I need to eat some more shares ?
Especially when they’re fake lol. But even so in this case it would only confirm something massive happening here. Some people’s kids
Except it really wouldn’t. That’s like saying an 18 inch pizza pre cut into no slices instead of 1000 slices would leave one going hungry. It’s still a fkn 18 inch pizza. Good grief. I’m not specifically saying anyone here is a mental midget but some of you strike me as the kind of people who try having phone secs* and wake up with pink eye
Worse. He took credit for something he said he was going to post bwahahahah
It never ceases to amaze me that such a great country filled with so many intelligent innovative people can be so collectively stupid over and over again.
What’s the current price I want to add too
Good grief! That clown is here? I have him on ignore from like 5 boards ago. He thinks “people wouldn’t like me when I’m angry”, but one day he’ll realize most people never like him regardless his mood
Incorrect. The low volume in $0.01 range shows that those that already want their shares have their shares. The much higher volume in 007-009 range show many more want many more shares in that range but aren’t willing to gamble yet/more on the unknown. The irony is when/if this plays out those same many will be willing to buy at higher price because their concerns will have been addressed.
I’m not picking favourites here. Your posts are as absurd /no more absurd than foolio who used to post this was going straight to $2-$5 *any day now. The truth is we have a clean debt free shell with a ridiculously low share count (160 million approx). This is not only a very attractive shell for anyone wanting to go public this way Vs an IPO, but potentially very lucrative for the front loaders since even a $100 mil mc would put us in $0.25 range lol. I’ve seen far worse with shares in the billions run much higher for less reason. I know why I’m here. Very affordable risk for potentially a very lucrative reward. Maybe I win maybe I lose. Some bearish rando here with no shares and no faith loses either way. It’s sad. I’m embarrassed for you.
The volume would suggest no one is selling more than no one is buying. Clearly the volume has been much higher when the price has dipped. I get it. Bashing is part of the game. I just detest laziness and mediocrity. Do better
Lol funnier yet would be they get the sub to merge into them and we get the $70b parent company bwahahah
Fart master.. nothing but hot air
For starters this isn’t a cannabis company so there’s always that