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If your scenario is correct. Could be explanation for announcing the rs and tanking price. But why not do this when the price was .07?
I’ve been wondering that too. Board has changed a lot over the years. A lot of frustration over getting close and then about face. Think the dreams of sugar plums may have pushed out several years. A buyout at those prices would be good for me. Liked the dreams of hitting the big one. At my age you don’t get that rush very often. A lot of great people over the years. Hope all longs best of luck.
Everything
Hope agree with you 100%
Sorry for your experience. It was a kill the messenger moment. Don’t let the frustration of the day discourage you. It was awesome you were willing to do that. And good info
Well said
Maybe he wants it cheap to buy back and go private. This makes no sense. This great news everyone was waiting for and the move is down. So many questions
But everyone on NASDAQ will do DD and know we got there by RS. It could take years to get back what you lose. It’s a done deed. All we can do is hope for the best.
I have never seen a company ask for a reverse split and not do it. He coupled it with what could of sent this to a dollar +. That would seem like he was serious IMO. Been here since the beginning over10 years not a newbie
For Kim and the company but with a reverse split, not so much for the stockholders
I’m 65 and have lost money several times on uplifted stocks that reversed split. Just my own experience. Do the DD see if you find one that went well for the average stock holder. I lost money on Citi
I knew the odd share holders meeting or was hiding bad news.
Well let’s see where the share price is at the end of the day or by the time the meeting is here. That .11 that es1 missed maybe back in play.
Still alive and did the shareholders make out. Nope
It’s about to be way way undervalued
Legit companies don’t do reverse spilts
And they will
Took the words out of my mouth
Why would he announce a negative move and kill stock price if he wasn’t planning to do it?
I agree. Every reverse split I have seen within weeks it is back just over split price. What we have today may be the best we have in the next five years.
I so agree
Mergers require months of heads up usually. Press releases and prices are released and someone more knowledgeable than me could probably explain better. Lack of pr would lead you to believe BOD or some other change in company organization. There are lots of things that are possible.
Not at the meeting. They can’t announce things like that. Just voting on BOD and such. Hope for news.
Would be nice. Was reading up on what all they can do at a share holders meeting and looks like BOD is the biggie. But it would seem that financing and production isn’t part of this event. Hoping for the news everyone has been talking about for a month.
“The Bottom Line
For investors, it is reasonable to say that shareholder meetings provide little in the way of revelations. The Security and Exchange Commission's enactment of Regulation FD on Aug. 15, 2000, effectively banned companies from selectively releasing material nonpublic information. To remain in compliance with this mandate, companies release their quarterly earnings information in well-telegraphed events. This information is where investors look to gain insight into a company's health.”
So hope you are correct.
Hate to be a naysayer but this reads like there is bad news ahead. Reverse split? More shares? Not what I was hoping for.
Would bet on news soon as they are taking out stops on the way down. Seems like this happens a lot lately right before news.
So so true
Add me to that group.
But you’re a glass half full.... or
There are many types of investors. Glass half full or half empty. The full see no risk and only the pot of gold. The half empty support their choice to invest by looking at the pit falls. Who is to say which is wrong. They are both supportive in their way and all still here. Each to his own. And over the years they have all help to support this stock.
That is so true.
Been here since just before the ND announcement and think I’d have less grey hair if it were 2017. Still can’t kick that anxiety I have built up over the years lol.
Wish I had your courage. If I sell it is guaranteed to go up. I appreciate your sharing with everyone on the board.
Well said
So taking a different route of using ND research lab and Wyoming and not hiring many people at much higher cost as they developed their products is poor business practices. We should of gone the route of private investment like Thermos or some of the defunct goo companies and lost the investors money. Although I liked Monday price better I am still ahead.
Sure looks like it. Doubt many longs will panic.