for rcgr traders-
Please temper exuberance here, there are many factors affecting these prices and what some folks here believe they will receive in the from of a dividend of rcgr to vxpr.
It's comical how it's all being lined up and presented as some beneficial benign event for people holding this or the other otc crap ticker.
History lesson and likely what is occurring:
The share ratio distribution of the dividend will likely be minimal. Something in the scope of; you get 1 share of the rcgr for every 1,000,000 shares you own of vxxr. Why?
(a) Look at the outstanding shares of both companies. It makes no sense at all! vxxr is bloated with shares, rcgr has 1bil (for now).
(b) vxxr with billions of shares able to be purchased pre-confirmation of deal on the 29th, why wouldn't the entire otc community be here, buying up? Because it's BS and/or a ratio that is not beneficial (see below).
It is strictly an opinion; holders will get 1 share of rcgr for every 1million they own of vxxr, maybe worse ratio.
I.E., if you own 200mil shares of vxxr, you get 200 shares of new rcgr. Multiply that by .48 a share that rcgr trades at = $96 profit LOL...
In reality, it doesn't matter because there are likely very few (maybe 10 or so) people that have been holding vxxr for years. Thus, vxxr execs do not have to deal with that anxiety, they deal with day trade otc flippers that do not care what the company does. It is now a clean relationship between majority flippers and execs.
Everyone here is flipping. It is a dumpster fire clown show.
Just remember that this event is no different than prior events with vxxr. It is a promo to attract buying of shares for lenders and friends and family to dump into the retail buying.
It's just another way to skin the cat for drawer, yanni, and george.
Keep in mind, OR how about this; research every announcement made by them in the past going back 4 years, regarding new businesses and revenue ideas, and determine how many were carried out and executed to 100% reality and profit to the net income line on their financials.
For the newbees, remember this is the beginning of the otc p&d season, where all these clown show scam artists present new and amazing tricks. It lasts through March usually. If you buy daily, sell before market close. Be in cash after market every day. Do not hold overnight. These dumpster fire otc tickers 99.99% of the time go heavily south after Feb.
vxxr and gcgr are no different, we can provide proof of other "drawer/george" tickers
be careful
