Thursday, October 03, 2019 7:35:53 PM
Daveywavey1:
The price could actually go to a full $1.00 or more on a .0001 reverse. You still won't make money, as everything has been re-proportioned. They'll want you to stay in, to build the the brand new base of traders at that level. No! Never speculate on splits, period, unless you're in a generous mood.
Don't believe it?
XDSL was a .0001, it reverse split (5/21/19) - (see otcmarkets.com-Security Details-Splits) at 5000:1, price $1 at the new open - now it's .71 cents, (-29%). Hey, where's my wallet? ...From rags to more rags.
Chap 80 :
MM's make more money walking a stock down than walking it up. That's why pumps are fast, walk downs are slow. Spreading dillution over time, as they go, without letting you know, is how they make a little extra along the way. Why so many delinquent filings all the time everywhere? Bingo! They don't have to update the float. All about the Bejamins.
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