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Re: Traderfan post# 642

Friday, 08/22/2014 12:08:23 PM

Friday, August 22, 2014 12:08:23 PM

Post# of 684
I'm holding and adding if it gets close to .01. People are overreacting, sometimes amendments are listed as stock splits. If it is a split it could possibly be a forward split which would be just fine. If it is a reverse split then there is a couple things to think about. 1- There is no dilution. The entire reason a reverse split is bad is the expectation of continued dilution and their ability to reset the price to do it all over again. There is no dilution here in the first place, none. The recent O/S change resulted in nothing being sold into the market so I am fairly sure that was an agreement taking place for a merger or something positive of that sort. 2- There is always the possibility of the shell being used for a really legit company, in that case, they may not want to be at 01 or 03. We could see a 1:10 split, also not bad, especially if we luck out and get a really nice company merging.
.01 is a $300k valuation, I will buy that all day long.
No one wants to sell below .0290/03 and neither am I.