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No problem, but your numbers are correct. The problem with compensation in the form of stock?
When they sell for the cash. And the basis for that compensation is much, much lower than the current SP.
They better get some orders filled quick.
Not an 8K, but an S-8. Still the same discussion. Lots of compensation in the firm of shares.
There's going to be a lot of pump-n-dump over the next several months.
To be fair it's not just this stock. Many that have done fairly well recently are down very hard today.
A LOT more.
It's got more dipping to do. A lot more.
It's a headfake. Designed to bring in more suckers for the next drop.
Down 30% as expected after a R/S
Another PR. Another dump
I'm sitting back and watching. What should I be seeing?
The most telling part of this scandal is how this company IMMEDIATELY stopped reporting on its own product and started promoting a company they hadn't merged with yet as if nothing existed before. If that didn't spell pump nothing did.
Not to worry. They still have one more "great" announcement to make begot before the real dump begins. $282mil INCLUSIVE of the $30mil they had to loan this electrifying company has to be obtained before the merger goes thru right?
More pump. More suckers.
This is still the final pump. The big dump will come after the bait and switch beget known as REVERSE SPLIT!!
Don't worry. I will be right here to clown you accordingly LMAO
LMAO brand new suckered are coming aboard. Make sure you have the bagholders welcome package ready. This is the last pump before the big dump
One last pump... before the big dump
Get ready for the extraordinary general bs next week
LMAO!!!
Part of the deal states they must have $282mil in cash inclusive of the $30 mill loan.
Diluting the shiatzu out of this stock is how they're going to make sure they have the cash on hand on time for the extraordinary bag job they're going to put on the shareholders
They still need to sell shares. $30 million bucks loaned to what is going to become the 70% owner of this company needs lots of shares sold and new believers in before the reverse split.
This company needs more suc--- I mean "investors" to buy into this news.
Again you're adding. I never said you were in favor of a split. I started out talking about others thinking this is a good thing. That didn't include you. If you want to see how it turns out have at it.
I expect this pig to tank hard after the split.
Oh I never said "here" for those thinking it was a good thing. You added that.
Hilarious. Head in the sand. Not to worry. If it's not on this particular board it doesn't exist right? Feel free to buy more. Much more. This company is sure to reward you with an opportunity to lose your money much, much faster after it "consolidates".
You can find all kinds of these posts on yahoo finance and reddit. These are the delusional pumpers trying convince others that this is going to run after the "consolidation" and that this is a good thing. If you don't see it, it's because you don't want to.
What this is going to be is hilarious when all those who think RS are "good" find out the hard way.
The 'ol switcheroo. It's as if they've just walked away from the clothing business.
Lipstick on a pig. It's a reverse split.
Prepare for the next big dump
Actually the news is having the exact effect you would expect for an offering. However, it could very well go back up once it closes if it didn't scare people away
Almost everywhere is accelerating downward with the variant in California. Gonna have to wait out the initial panic.
Big jump at the end
I doubt it. They either sold because they thought it was time to take profits or they're lying about selling. It'll be easy to tell. They'll be pumping the shiatzu out of this stock while it's down.
Pure mumbo-jumbo to give the impression that this is somehow "good". The drop in price tells the full story.
It means they're diluting shares.
Oh that offering...
Very true statement.
So how many suckers did they catch in pre-market?
So there's going to be an extraordinary reverse split around 12/20.
That's interesting. Another company (Farmmi) used the exact same language for a December 20th meeting. That stock also tanked after that news
Wow. Powerdump today