Monday, March 14, 2016 7:21:48 AM
Following a long record of massive stock dilution (yeah, I've heard management's justification for it; it still shafts investors), they now plan to do a reverse split, and in pennyland, that almost always spells doom for any retail investor who holds through and beyond the split.
It's just simple math. A stock that declines
Just take AMBs as one of many examples I've seen. Another stock-to-run-the-company dilution machine. Then a 1 for 100 post reverse split price of about $8. Today it sits at .112 cents a share. Even a long, long time advocate finally sold out and admitted he lost some $200k dollars. And in pennyland, not a single law (I'm aware of) was broken.
So my question is: when will NTEK do its reverse split and what is the ratio of the split?
Truth is the only persons NTEK has been good to are shorts and management whose salary and benefits are subsidized by retail investors.
“Mankind was my business. The common welfare was my business; charity, mercy, forbearance, benevolence, were all my business. The dealings of my trade were but a drop of water in the comprehensive ocean of my business!"
- Marley's Ghost
Charles Dickens
Kona Gold Beverage, Inc. Updates Multi-Million Dollar Merger and Posts Over $1.2 Million in Q3 Revenues • KGKG • Nov 15, 2024 10:36 AM
HealthLynked Corp. Announces Third Quarter and Year-to-Date 2024 Results with Strategic Restructuring, Third-Party Debt Repayment, and Core Technology Focus • HLYK • Nov 15, 2024 8:00 AM
Alliance Creative Group (ACGX) Releases Q3 2024 Financial and Disclosure Report with an increase of over 100% in Net Income for 1st 9 months of 2024 vs 2023 • ACGX • Nov 14, 2024 8:30 AM
Unitronix Corp. Publishes Its Cryptocurrency Portfolio Strategy • UTRX • Nov 14, 2024 8:05 AM
Avant Technologies and Ainnova Tech Form Joint Venture to Advance Early Disease Detection Using Artificial Intelligence • AVAI • Nov 12, 2024 9:00 AM
Swifty Global Announces Launch of Swifty Sports IE, Expanding Sports Betting and Casino Services in the Irish Market • DRCR • Nov 12, 2024 9:00 AM