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Sunday, March 03, 2019 12:09:42 PM
It's not a misconception. While there are legitimate healthy reasons to enact an R/S, a supermajority of the time on the OTC they are followed up with the issuance of new shares. And even when that doesn't happen, the lack of oversight causes people to be skittish and support tends to fall into the basement.
The only question that needs to be asked is whether there is a logical reason for an R/S other than to just arbitrarily reduce the OS. Because we all know what the arbitrary reason is for with no other justification.
To be honest, a R/S is not the end of the world. That’s one of the biggest misconceptions about the OTC. No one knows what’s going to occur after the split. While you may be disappointed right now, you may not feel that way once the story unfolds...
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