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There is no iron clad rule concerning the number of shares, but its common to receive one share of the spin off for every share you hold in the original.
The share price of the original holding will drop to the extent of the opening share price of the spin off, but you're not really losing anything, the sum of the two share prices should still total about the same as the original, at least at the opening.
If it makes you more comfortable you could sell your new spinoff shares and invest that cash in more of the other.
I've done very well with spin offs.
I've just bought in, but am only cautiously optimistic at this point. Once they (if they) become a fully SEC reporting company, I will buy a whole lot more.
Brand new Company with initial stock sale in June of 2021..........seems to be doing all the right things ... but that is just my opinion. I'm in.
I like what see.
I predict a great future for Grove, INC.
“The existing capital structure of Bell Buckle Holdings will allow us to take an asset already on the
books, turn it into cash and invest that into a high growth industry – esports and educational gaming. We
will sell off in bulk the delinquent debt assets previously contracted for and reinvest the cash into VRL
and the other educational gaming IP,” said Mr. Clegg.
I'm guessing he is also converting existing stock into cash creating dilution. All of the cash he raises will probably be invested into this high growth industry he speaks about. Next step will likely be a reverse split and a name change. "Voila" a new company.
This is only my opinion, but it makes sense.
When the Ukranian invasion ends everything will gradually creep back to normal.... even the OTC...a number of you folks have some strong points... but Ukraine is the biggest thing here. Money will be made, but we need to calm down and wait for it.
When should the next Qtly be out?
WE NEED VOLUME
There is indeed some meaning to be taken from level 2, but be careful, level 2 is a shape shifter. ICOA
Seems also to be a common occurrence for an initial high spike and then an almost death spiral. Who knows? I will probably sell half on the spiral and hold the other half. "GOFF"
At ease Eliot. "GOFF"
Tell you what Yarikd, am wearing a high tinsel strength seat belt for this ride. "GOFF"
I salute you in turn billy12, and yes, we "are" old farts. Should the need arise, I would still be willing to defend my country...but would need an Aid to carry my equipment and push my wheelchair. You and I could still take that next hill. "GOFF"
Thanks, RichieBoy...he says baking soda will cure all my ills...I'm now on my way to Olympic health.
Noone wears me down Eliot...I retired as a Major from the US military with 27 years' service, and I continue to charge ahead. I abused my body for a long time and am now paying the fiddler.
Thanks ... I'll take that as a compliment, but... I'm on oxygen, have cirrhosis of the liver, reflux disease, and congestive heart failure... BUT I still trade stocks. GOFF
I am 83 years old and have successfully traded stocks since I was 23 .I agree with your entire post......
Just opened a position here and will be lurking.
Many potential investors are waiting on bottom line earnings.
George was courteous about RETC also......Look what that got him.
Back in... accumulated 241000 shares so far.
GOFF Corp went from the gray market to pink in Nov but Schwab only took them off the "sell only" list within the past week.
Like what.... crypto and blockchain are the biggest thing on the market right now and blockchain is the future. Also look at this: https://www.politico.com/news/2022/01/31/crypto-wyoming-arizona-tax-payments-00003910
Let's hope a RM would involve crypto .... Could give us an explosion.
And this specifically ties into GOFF because ......?
Looks like George might be going after CUB-.... The "known" financials don't look too bad for a takeover if he can gain custodianship and cancel all of those restricted shares.... could be another "potential" shell target. ?????? ****GOFF
Very little interest in this stock right now in spite of all the pumping. A major share reduction on 02/02/2022 should provide a nice little bump but beyond that it depends if GS decides to set up his own company from scratch, somehow become connected to HMB-, or bring in a private Company with cash...........face it......none of us know George's intention. ****
GOFF
Is GOFF cosidered a SPAC ?
I believe that in some way
GOFF will be a further extension of HMBL.
I don't believe we will know this until at least announcement of the court decision regarding share cancellation.
Looking at your 6 mo chart I see lower highs and lower lows.
He did post it on Twitter......
"As y'all can see we finally got the new Form 10 filed for $SRNW. This was the easier one, so patience will be required for $GVSI. I have a lawyer, accountant & an auditor working on these & believe it or not, I am not their only client. There is a lot of back & forth between them"
This is also a possibility........but face it, we're all guessing, and we won't know till we know!
We'll see.
I suspect that if he had a merger candidate, we would know it by now. However as much as it pains me, I'm prepared to ride this to the bottom.
Higher interest rates coming to fruition "beginning now" will somewhat temper market exuberance. And based on history, a "much" higher Prime Rate will be required to coral inflation. Hang onto your hats folks.
Will the current situation affect GOFF? I have no idea.
This is not investment advice; it is only my opinion. You should always do your own DD and draw your own conclusions.
As George would say, "we get going when we get going". Thats his expressed timeline.
They say they won't buy.
Few shares are now being sold because this is the Christmas & New Years period. This is always the case.........people are traveling and partying and have cleared investing from their minds until after the holidays.