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Alias Born | 01/24/2011 |
Friday, December 05, 2014 10:30:44 AM
I sold out about a year ago, making a nice profit on the shares I bought in the weeks after the last reverse in June, 2011. Sold for personal reasons, not because I disliked the company.
That said, I've been impressed with the steady improvement in SSNT's business.
It's going to be a good thing for the company to uplist, but in order to meet the $1 threshold for NASDAQ listing, there's going to have to be another reverse split, and in fact, on page 5 of the S-1 filing, the following is stated: [Emphasis added by me]
I figure a 1:10 or 1:15 reverse to get the price into the $2 range.
They're also planning to offer about $8M in new stock, probably post-reverse.
Figure at a 1:10 reverse, the 118M shares currently out there would become roughly 12M shares at say, $1.80 - $2, with another 4.4M shares from the new offering, for a total of 16M shares.
This should make the stock a lot more liquid, and while there may be a drop after a reverse, the improving business will eventually stabilize the price at a fair multiple of earnings.
"Soylent Green is people!!!"
Detective Robert Thorn: Telling uncomfortable truths since 2022
DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name
Recent SSNT News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 09:20:07 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 09:18:51 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 09:17:29 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 09:16:10 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 09:15:43 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 09:15:18 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 09:15:02 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 09:14:54 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 06/17/2024 09:05:26 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 06/17/2024 09:00:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 08:23:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 10:01:42 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 09:11:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:32:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:32:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:31:57 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 06/06/2024 09:19:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 08:46:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 09:03:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 11:38:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 03:59:03 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/28/2024 12:37:39 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/28/2024 10:05:33 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/28/2024 10:02:59 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 12:00:17 PM
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