LIBE-reverse split notes
A 2000:1 reverse split of LIBE will leave the price at .20/per share, then down 20-30% in the following weeks. I speak as a friend with a lot of experience at this.
I expect the split to happen from 0001-2, the stock is falling consistently. Don't read tea leaves, it's a typical MM walk down, so the safest play is to trade it down to get your cost basis as close to 0001 as possible while there is still time.
$1/share will NOT happen, remaining at or above .20 cents is highly unlikely after Day 1 of the split. Having been through FOUR of these 0001 reverse splits this year (XDSL, TMGI, ACGX, RETC), they ALWAYS turn out the same.
Get out at the open, you can escape clean, hold you will lose 20-30% more by holding, and know exactly how toast feels. Forget analyzing filings and financials, they mean NOTHING in OTC's, you'll only trick yourself into false hope, that "this is the big one." The big one works two ways, it's called WIHAD (Wish I Had A Do-over) - don't get caught, friends.
Work the trade. I bought 20 M LIBE in June for less than 0001, when no one wanted it, at .0000, no bid/no ask, and made a handful on the pump. LIBE's big day already happened. It's now the morning after. Consider you want to wake up next to.
"Better to sell and wish I hadn't, than to hold and wish I had."
-Oracle, 2019
Happy trading!
AI
