Lets see if I can put your frustration to rest..
If the PPS got to .10 and MINE met all the requirements to uplist.
And, if you had a million shares at .10 and you sold. You would get $100K.
But if you held thru the uplist and came out the other end with the same value, ($100K) but still owned the stock but only had 25,000 shares valued at $4.00 would you keep all your shares intact?
BTW-MINE would now be on either the NYSE or NASDAQ EXCHANGE.
IF, the price was .25 and the same million shares. Value would be $250K
But, this time you would have 62,500 shares at $4 worth $250K.
The higher the PPS is the more shares you would keep after conversion, except the value would still be the same.
What do you think would happen to the PPS, after a stock IPO's on NYSE or NASDAQ, IPO price $4 and only has 218,750,000 shares in O/S but you already had 62,500 of them.
Lets say it moved to $6 right after IPO, value now is $375K..
Usually what happens is a double up and then a split 2 for 1..
KNOW WHAT YOU OWN, I can't stress this enough!
I watched TELMEX, IPO on NASDAQ in 1991 move from $1.625 to $10 then split 2 for 1, repeated this same thing 3 times in 9 months.
Worst mistake of my investment career, not buying 1,000 shares premarket that day.
Another is WALMART, my investment group helped IPO it and it did the same thing. Most of the reps bought in at $20 initially. 250,000 of them.
AI
