Friday, May 10, 2019 9:48:07 AM
R/S themselves aren't bad... It's when you R/S and continue to dilute that makes them bad...
A R/S itself is just a proportional split... Example... If you own a million shares you bought with say $1,000 and they do a 2 for 1 R/S, you lose 500,000 shares leaving you with 500,000 shares... But your 500,000 shares double in value... So they're still worth the same amount of money... They only lose value from that point of the company decides the further dilute, and they lose value faster then then they would have before the R/S... Twice as fast actually in this example...
It however makes sense to R/S to keep their OTC-QB status if they can't get back above the 1 cent per share threshold, though.... I think because they're penny stock exempt due to their asset value that isn't necessary either... I could be wrong about that...
Recent GXXM News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 09:14:20 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 03:40:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 10:07:10 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 09:15:53 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 11/13/2023 09:11:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/01/2023 08:38:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 08:22:30 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 08/21/2023 08:00:34 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 02:09:47 PM
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM