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Re: jpowellvlc post# 32990

Friday, 09/01/2017 4:19:02 PM

Friday, September 01, 2017 4:19:02 PM

Post# of 37358
The stock went up once and dropped back to nothing with a grand total of something like 99% losses from its high. That is not something to brag about, it is laughable that the touted high point to the stock is that it went up once and then lost all its value again. In the real world people like it when a stock goes up and stays there.
Here is how this is going to play out. Management is going to talk about how the share count is untenable and that they will need to change that for the company to continue on and "grow". They will vote for a split and it will be a yes. Then they will wipe out common holders. Maybe help out the toxic CD holders so they don't get sued for breaching their agreement, assuming the CD holders protected themselves from a split, which is likely.
This stuff is really easy to see as the stock has ~10 billion shares outstanding and at the current price 100+ billion mores shares that can be converted.
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