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Re: Chag post# 177421

Sunday, 11/18/2018 2:43:38 PM

Sunday, November 18, 2018 2:43:38 PM

Post# of 183214
I guarantee that will cost you money. Probably at least half what you put into it. Anyone buying into a company that is about to do an RS is simply giving money away.
Let's see, if the price is 0.0002, which it is today, and you have, say 10,000,000 shares, your portfolio value is $2000. After the RS, you will have 1000 shares at $2.00. Portfolio value does not change during an RS.
But that $2 share price will absolutely NOT hold up. It will drop to $1 within the first week after the RS. It may never hit $2 again, so you would have a permanent loss. But worse, the company has a track record that shows that more of the same will be in the future. No matter WHAT the CEO says about the reasoning, it will be more toxic loans and more dilution.
Keep an eye on that AS after the RS...if it's not dropped significantly, it is just a big empty bucket to put diluted shares in...