Alternus Energy Inc. (fka ALTND)

[Joseph Knecht]

"Your shares get reduced 50/1 and the PPS gets X50 meaning almost a wash!" While that is theoretically true, it is not always what actually happens. Just as an example, let's say that the stock rallies to .02 before the R/S. The close for that day would be post-adjusted to $1. That doesn't insure that it will open at $1 on the next trading day.

I wrote that it was an interesting strategy because an R/S tends to create uncertainties in the minds of investors. Look at today's price action. Will WDAS regain the 35% it is down today or continue to drop going into the R/S date? We just don't know. That's why I would not "double down" right now. It might turn out to be the right move, but I wouldn't do it.

That said, I think it is a positive sign that the number of authorized shares has also been lowered. Far too often that is not the case.