They were pretty clear about WHY they were doing a reverse split and potential catalysts. The reverse split is to get the stock price up to $5 because the minimum to list on the NYSE and graduate from the OTC is $4 per share. The probable potential catalyst is something like a major investor/buyout/merger which is why they wanted the reverse split option available as part of any deals. I don’t think it will go down in price... I’m talking about the literal share based quantity based profit devaluation which occurs with a reverse split. I have 78,000 shares. If they do a reverse split at 25 for 1 which I predict at current share price then I’ll only have 3,120 shares. At 78,000 shares if the stock price went to $13 a share I’d have over $1 million but with only 3,120 shares I’d just get around $40,000... THAT is what my ass is screaming about! Hahahaha! The whole point of penny stocks is how the low price allows for larger purchase volume! I wasn’t saying anything about it going down after uplisting. I’m using $5 as the stock goal price to uplist as $4 is the minimum. So I just divide $5 by the current share price to see how many shares the reverse split would be (ie. $5 divides by .212 is 23.58 or a 24 for 1). It just kills my dream but there is still good money to be made I’ve been down a few thousand dollars and up as much as $7,000 waiting for the “Big Payout”... Realistically tho’ where else would I ever have otherwise been able to invest $15,000 and see those types of unrealized gains? Sooooo... I’m disappointed but I’m going to stick with it because it’s still an amazing opportunity to capitalize on a new industry with excellent potential.
