Thursday, November 30, 2017 4:56:43 PM
Most if not all end up going bankrupt in 2 to 5 years.
You just turned into a hostage long term Investor with no way to cash out because you are so far in the hole you would cry if you sold.
Reverse Splits are never ever good, great for the company but when you have 40k of shares in a company and it goes from .70 a share to 6.00 and you now own 5k of shares and EOD it's below $3.00, you lost 50% or more of your investment. Then as the year goes buy it slowly sinks to under $1.00 a share again. What do you think the company will do? That's right! another Reverse Split!
Oh yeah Reverse Splits are oh so good. NOT
I have yet to ever see a Penny Stock company take care of it's investors in a Reverse Split or Reverse Merger. These guys can sell ice to Eskimos and they are the epitome of sleazy salesmen.
I refer you to DCTH which is now DCTHD if you want to see what it feels like being in a R/S ask those guys. It went under $1.00 in less than 2 weeks! it's at .0899. Break even is $47 a share!
Recent BTCS News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 08:05:14 PM
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