SNM Global Holdings (SNMN)

[QualityInvesting]

If an RS was only the backup plan, then it should've never been mentioned. Because now that a reverse split has been mentioned, the stock is going to be stuck at 0005. Investors are not going to buy the stock up to $0.0125, regardless of how good the upcoming news is, because most investors are not willing to buy stock that's about to reverse split.

I'm long here, I like the investments into cannabis and movies that this CEO is wanting to make, but he has gone about funding things the wrong way. He really shot himself in the foot by mentioning a reverse split. He scared all the big investors away, and he killed his stock. It was extremely counter-productive to mention a reverse split. He seriously needs to address and fix the RS issue, so that the big investors feel comfortable buying shares again. That's sincerely the only way the Reg A will get properly funded, and it's the only way that this stock will go up.

I'm long. I want to be positive. But this is reality.

$SNMN