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Re: Doubledown75 post# 95522

Thursday, 11/07/2019 11:02:26 PM

Thursday, November 07, 2019 11:02:26 PM

Post# of 111071
The 100m shares is something to ponder about....and I hate it any time a stock does a r/s. I've always said that it shouldn't be legal unless the company also r/s the authorized shares. I've been doing stocks for over 30 years and have had dozens of stocks r/s on me...sometimes so many times I ended up with zero shares. I only remember two that actually went up after doing an r/s. One was just recent (ocln) and it crashed again after just two days. They always reduce the o/s but not the a/s so they can just keep issuing more shares until ready for another r/s. Now.....this is the very first stock I have owned that is also going to reduce the a/s (from 6 billion to 1 billion). I know it's not the same ratio as they are doing the o/s but it's actually good news in my opinion. I don't know where this is going to end up...but for the first time...I see a company also reducing the authorized shares....I'm kind of excited about it...
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