Saturday, October 20, 2018 6:29:21 PM
As a matter of fact, a reverse split now makes perfect sense, although those two previous splits were prematurely done.
The aim is to have LOW FLOAT. Since everyone in America can easily scoop a dozen BRGO shares, we must admit that there are way too many shares available.
BRGO must move away from QUANTITY should it acquire QUALITY. Period!
So far, the CEO has carefully avoided talking on the subject of BUYING BACK shares. On Twitter, he publicly welcomes all questions, but not really. Questions about the reverse split or buying back shares are forbidden and subsequently ignored.
IF the CEO’s talk about moving BRGO to a different exchange is just lips service, then, therefore, in THIS case, a reverse split is unnecessary and most likely will NOT happen. But again, that’s if the CEO was lying or has changed his mind about moving BRGO to a different exchange.
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