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Re: Btruitt420 post# 93458

Friday, 02/22/2019 8:01:26 PM

Friday, February 22, 2019 8:01:26 PM

Post# of 108192
If 20:1 which I believe will be or 25:1...your 19k shares will effectively become 950 shares at the new share price. You would need to see a 105 pt movement upward from whatever the share price is after R/S to break even. This conceptually doesn’t seem so bad if float stayed same new low levels. But when they have a loaded gun of 75m shares they can use to further dilute it’s pretty much a zero value game for legacy holders. I thankfully took the flags and got out at 1.55 and swung a few profitable trades. What’s concerning is how easily voted for also by board means they believe no other path. Same reason Petit quit buyingsbmonths and months ago when I exited. So that is what you are currently looking at. 7k left doesn’t feel like much but that’s looking at it from perspective of 100k u already lost. On stand alone 7k will always be far better than where this heading for your shares. But again lots of difference in investment perspective has to do with one’s own bankroll and circumstances.
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