Sunday, March 08, 2020 8:42:08 PM
Quote: "The split cannot make it much worse.
2) The R/S will quickly be forgotten when the sector heats up and finally takes off again, along with the filings."
Do the math. Peeps calling for dime or quarter pps at pre-split sub-penny levels sought 10 to 25+ x their current balance. Not unreasonable at all in pennyland.
Post split, which included a net drop in valuation, it would be super phenomenal to have even 2x or 3x gains.
So the POTENTIAL, for holders of reversed shares, is down about 10 to 25 or even 50 times what it was, based on potential percent gain. Not quickly forgotten.
For the life of me I can't figure why those who continue to talk this up ignore this fact.
And if I'm the one missing something here, PLEASE 'splain me cautious optimism.
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