Thursday, June 18, 2015 3:06:06 PM
The R/S is definite. It states that it will occur before December. Since the last R/S was in late October last year, I would expect it to happen by mid-November.
Nonetheless, before that date, we are due for two more quarterly reports. I suspect that revenue growths will be reported and future projects will be brought into focus. It is likely the second quarterly report will happen just fore the R/S so to increase interest going in.
1000:1 R/S means that the minimum that the price immediately transfers to is $0.10. They have stated their reasons for it as follows:
Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10767123
If you will notice, part of the purpose of this transition is to move into the OTCQB tier of the OTC Market. Additionally, they also state that this R/S will make $MSPC a better target for acquisition and larger investors.
So, though reverse splits always seem to put a negative spin on stocks, this may not be a bad thing down the road.
About a year ago, I sat though a reverse split with another OTC company. The day that it took effect, I sold out. The reason for this was that it fell by 10% at the beginning of the day and I was afraid of an even bigger loss. Unfortunately for me, it proceeded to more than double shortly after my departure on the same day. I'll never forget that mistake. My point is, a reverse split is not the end of the world. In fact, it could be what finally makes $MSPC relevant.
When the R/S takes place, expect that sudden drop, but once the shorts start to get anxious, the dominoes will start to tumble. One large short position buy back will lead to another, and then another, and again until there will be none left to cover. By then, the massive volume will conjure up even more positive movement until we are well above where we started.
Furthermore, the fact that we now are scheduled for an R/S does not change all of the positive things $MSPC has going for it. They are only trying to rid themselves of debt, that's all. While I may not agree with their tactic, I understand it. Metrospaces is still on the verge of becoming something great and now is not the time to forget that.
Good luck to all of those that still believe in this company. I wish you all the best and I hope that you remember that patience is the only way to make money in the stock market. Happy trading!
$MSPC
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