Wednesday, February 07, 2018 10:08:07 PM
It will be interesting to see what happens with this one.
The canoe-pool connection is obviously key here. Without it, we would likely be at .0001 or "no bid" now and like several I have seen over the last few years, destined for a 300 - 5000:1 reverse split range. You are an instant bag-holder at those ranges no matter how well the company does after that. Statistically, most go back to .0001 shortly after the splits anyway.
Some folks on the board have speculated a 20:1 reverse split number or lower. I am not sure where they get those numbers from. IMHO, that is survivable R/S number and can still result in some decent profits for current shareholders if the speculation on the canoe-pool connection/advantage hold true.
Hopefully, we have a run (or two) before we get to that point (if we get to that point at all).
That's all part of the gamble playing the pinks.
$SANP
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