Wednesday, January 04, 2017 2:11:04 PM
If the stock does the 1:10 split at $1 and starts at $10,which is the old .02, say my old break even is.10, my new break even is $50. Divide the future price by 500 to make include the last split of 1:50 and the new split of 1:10.
If the split happened today at .50, it would be $5/share, which divided by 500 is the old .01/share.
We lost all value when the patents got cancelled. Now at .50, it's effectively back to .01. With the merger and the stock structure, we have a legitimate chance to recover from where we were, which was virtually zero, maybe 1/2 a cent, after the patents were cancelled. We also become profitable with the merger, growing revenues, etc... There are not many shares and the new owners will not be selling due to restrictions.
I see the value of our accounts growing over time despite the somewhat confusing splits. People will look at a $10 stock differently from sub pennies or pennies too. The outlook from losing it all has changed, IMHO. A lot of us need $50/share to get our money back, which, again, divided by 500 is the old .10. Right now it's effectively, with the upcoming split,$5.00.
I expect the split to occur in January. Thanks.
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