Reverse Split and Public Offering. Ok folks, I have not posted on here before, but have been following this company closely over the last year. I was waiting for it to dip below 43 cents in recent months, but it kept going up. Finally bought in at 61 Cents and bailed out at 83 Cents or so in multiple trades. On the evening that I invested this company announced the reverse split and public offering. YES, I thought that this company was heading the right direction with growth. Although, now I see that the company is willing to do that at the expense of its shareholders. Look if this company was so great wouldn't they get to the minimum dollar requirements this year for listing on the Nasdaq anyway? All they would have to do is show growth meeting their guidance from early this year over the next two quarters and we would have been there. THERE WOULD BE NO NEED TO DO A REVERSE SPLIT IF THIS WAS THE CASE AND THEY WOULD MEET GROWTH GUIDANCE. Heck, we would be over $1 after this next quarter. So then I ask, why are we doing the reverse split??? I knew the public offering was coming and was ok with that as they needed working capital to make through the year until they break even and start making money in 2016. A little dilution there would be fine. Reverse splits rarely ever work out to the benefit of a shareholder!!! Someone on here was comparing this penny stock to a very well established bank that did a reverse split? Are you serious? You cant compare a penny stock to a stock listed on the NYSE. I think we have a penny stock promoter on this board. Its pretty easy to detect those folks when you find them on these boards. They are usually the PR folks at the penny stock company. They use you for your money to help the company to get to the next level. That's the way this world works. Some of you may say no way and want to believe in the better side of folks and companies, but let me say that I have warned you. Let me also say, if you think that the reverse split and the public offering wont go through, you are crazy. Its going through. They need the money, period. The reverse split is advantageous to new investors. The price will be 4-5 dollars after the split and will fall fairly quickly and probably hover above a $1.20-1.50 for awhile until late in the year or early 2016 where it will climb back up some. Those who wait until later in the year or early 2016 will profit the most, unless there is more dilution, which is entirely possible. Please, before you invest...really think about this one. I am already out of this stock and made some $$. This company probably has a bright future, but unless you are ok with watching your investment go to 25% over the next year or two and then finally breaking even and then making money at the end of year two or in year three..then don't invest here yet.
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