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Did shareholders vote to increase the share count?
Share price dropping; the company authorizing and sneaking in more than 2 billion more authorized shares, without a vote by shareholders; can't do business in the U.S.; can't explain how the company makes money, or what they released to 100 countries; and don't know their profits...if any. This stock could use some hype to get and keep the stock price up. The last bit of hype and pumping is dying down. Better call Insider Financial to again help pump this unregistered and rouge lack of a company.
Yes CEO...please don't go. LOL! Get Cole a helmet too.
Is that video an explanation for what they released in 100 countries? Joke.
Now they raised their share count to 5,000,000,000 authorized shares; with no warning or explanation; no shareholder vote; and no way to understand why because there's no SEC accountability yet.
Unless TSNP management comes up with some fresh hype, I think that this puppy is going to continue dropping. Maybe Insider Financial can pump it some more. They have no credibility.
I just saw this. I'm posting it just in case anyone hasn't seen it.
GreenBox IPO News
NEWS OUT
Press release
I challenge you to explain to me what TSNP just released, and how they will profit. I also challenge you to explain the rise in share price outside of hype.
We can only hope for something like this to occur.
You have yet to understand or answer any of them anyway.
Thanks, but I already understand the ratio adjustment part of a R/S. The part I don't like is the reduction in the number of shares that you are left with; after the R/S.
In other words, after the R/S process is complete, the lessened number of shares destroys, in my and probably all of our cases, the ability to make millions instead of thousands of dollars, because you end up with less shares. Even the video says that R/S is not a good thing for that reason.
I just remembered something else. Vanessa Luna is COO. She did a R/S with GOHE and you see where they ended up. Just a thought.
You're talking market cap - I'm simply talking investor's number of shares owned and his or her opportunity to profit.
It seems that you don't understand my question, because in your answer's logic, the stock will continue to raise in increments of $8.00, and I know that it won't.
LOL. Nice... but that's the part we agree on.
and after that process is complete. we have officially gone from 10,000 share to 1,250 share. Now - how is that better or as good as no R/S. How is profiting off of 1,250 share, moving forward, better or the same as profiting off of 10,000?
Okay...I'm going to ask you a question that you have not answered;
We agree that a R/S lessens your share count, but evens it in value by raising the price per share.
After that process of the R/S is complete, the shareholder now has 1,250 shares; with ALL future profit now streaming from 1,250 shares. My question to you: How is that better or as good as NO R/S?
Answer that please?
Explain to me how less shares gets you the same money.
How does 1,250 share get you the same profit as 10,000. explain that. Oh...and I'm talking after they've evened it out.
Maybe I'll do like you...pretend that I'm not losing; pretend that I'm not pissed. You see exactly the same thing that I do. Take your head out. I, unlike you, am not in love with any company. I trade stocks to make money...period. Ben could have said that we might do a R/S, but he didn't. He mislead us ...US...YOU TOO, and I know that that pisses you off...so cut the phony crap.
I can't wait to see how he explains himself on Wednesday. Oh...you don't have to listen in on the call...you love every decision Ben makes. What a phony you are.
With a R/S, only the company will succeed. You and I, who right now were fortunate enough to find, believe and invest in this company; who helped them, with our hard earned dollars, to get where they've gotten; waiting, believing, and trusting in them for years; are potentially being sacrificed; not rewarded as we should be. This company did not have to put a R/S into their business plan. They have a monopoly on a technology based financial ecosystem that every government must and will use; and they're moving up to the NASDAQ. They are already a billion dollar company. They should not have R/S in their business plan; no more than MicroSoft should in theirs; and if you can't see that by lessening your share count destroys your financial profit potential with this company, then don't worry...I'll see it for you and all of us. It's like spending $1,000,000 on a Bentley and they give you 8 Hondas- they're not giving you what you paid for; their stealing your's and my opportunity to make millions of dollars verses a few thousands; which many of us have already made. That pisses me off. Not because I don't understand the stock game; I do. I'm mostly pissed because Ben was asked at least twice if this would happen, and he always said that the company would grow organically; specifically without a R/S. Ask yourself; would you honestly encourage a family member or friend to buy this stock right now, knowing that they may R/S? I wouldn't. I'm just being honest and realistic. Again, I'm disappointed and pissed.
NEWS OUT!!! Check your email!
press release
One other point. The company has created a problem for itself in that it is asking for and needs new people to buy shares of the company; while telling those same shareholders that the company may take a bulk of those shares from them by virtue of a R/S. Introducing this into the mix was a mistake for GRBX. They flinched, in that they didn't fully believe in their business plan's success. They should have gone for broke.
My greater point is that allowing 10,000 shares of the stock to organically raise to $8.00 each equals $80,000, and deflating the stock to 1,250 shares @ $8.00 each equals $10,000. You've already lost $70,000 because the stock's rise was not real, but a procedural trick; where at the end of the day, you no longer have 10,000 shares, you only have 1,250; and every up and down movement of the share price reflects that 1,250 shares, not the 10,000 shares that you originally purchased. A R/S is never good for the shareholder. True, it does get the company what it needs, but it does it at the expense and lack of concern for the shareholder.
Whatever.
Did you read what I wrote in post #5618? I just said the same thing you said. Look...1,250 @ $8.00 a share is equal to 10,000 shares @ $1.00 a share. 1,250 shares; $8.00 a share ... once that stock price goes up a dollar to $9.00, you now only have $11,250.
Without the reverse split 10,000 share @ $1.00 a share that goes up the same $1.00 ... you now have $20,000.
That's an $18,750 difference; loss.
Okay thanks. So I do know how a reverse split works...because everything you just said - I said in post #5618.
okay...using that same 1250 shares @ $8.00 - what happens if the price goes up a dollar to $9.00 a share...how much would that be?
Explain it to me ...I don't get it.
I actually believe that the R/S won't be necessary. SIRI did the same thing, announced a R/S, shortly after their merger with XM, but never did the reverse.
10,000 share @ 1.00 a share = $10,000. (1-for-8 R/S Goes to 1250 at $8.00 a share)...also $10,000.
10,000 shares @ $1.00 share goes up $1.00 to $2.00 = $20,000; $3. = $30,000
1,250 shares @ $8.00 share goes up $1.00 to $9.00 = $11,250; $10. = $12,500
We all lose thousands of dollars right out of the block.
I agree it's fair initially. It's when the price goes up or down that you lose.
I agree. Just with less shares. I do know that we need the exposure and all that comes with it. I just really hope that the R/S isn't necessary.
What would you like to discuss? It is important - but I can't help but feel that a monkey wrench has been thrown into the works. It stops me from being totally happy for us.
Hey, sorry about that. I was wrong. You were correct. 1-share given for every 8 owned. I was subtracting. Sorry about that. Funny...I've gotten wiped out on R/S's before. GOHE being one of them. Didn't pay attention thanks.
I read it on page 20 of the S-1; " up to 1-for-8 reverse split". What am I missing? I even clarified it with Ben in an email. We actually could have no reverse split; per Ben. We could have .25-for-8, .50-for-8' etc. Up to 1-for-8. Been said this... And so does the S-1; on page 20.
Please remember that it's a 1 for 8 split...not a 8 for 1. they are very different. 1 share taken for every 8 shares you own. NOT 8 shares taken for every 1.
It actually says 'up to 1-for-8'...not 8-for-1 ...up to meaning "not more than".
I agree.
I communicated with Ben, and he stated that the reverse split would be implemented only if necessary. He stated that the max split would be 1-for-8; with fractions of shares for 8 also an option. Example: 10,000 shares: split at .05 -for-8 would mean a 625 share loss. 1250 shares loss for 10,000 shares in a 1-for-8 split. I still wouldn't like it but it won't wipe out our positions.
Let's hope that that does not happen. It will steal all of our shares and our positions; positions that some have held for years. Very unfair and unwanted.
Just received an email from GreenBox; GRBX S-1 detailing the uplist to NASDAQ! Go to page 53!