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Friday, April 24, 2020 9:09:32 PM
First of all, you believe this company is badly undervalued based on the clean balance sheet and cash on hand of 2 million dollars and know that the current share structure is hurting shareholder's value. 2.85 billion shares outstanding are just too many. The company, by effecting the R/S, will be able to satisfy the price requirements to uplist and also tighten up the amount of shares available.......this should help the price per share moving forward, just by the supply and demand metrics.
Now, the real point I'm trying to make, and the most important point..... and also the reason we are seeing aggressive buys and a price increase.... with much more upside coming as well, IMO is this......
If you had a budget of 12k to put into this ticker, how could you grab your shares without driving the price up? That $12k would buy you 1.5 million shares at today's closing price for example. Not all that hard to do with 2.85 billion shares outstanding and about a 1.4 billion tradable float. Over the last few days, one was able to make strategic buys and accumulate those shares without the price moving too much. Now, let's say you want to wait to invest that $12k until the day the R/S is complete.......
Now you have only 19 million shares outstanding, about 8.5 million shares are tradable and a starting price of $1.26 (roughly)..... You want to invest that $12K here right.....
That would equate to buying 10,000 shares, post split. Do you think you could add that many shares, without driving the price much higher due to the fewer number available, and the price taking off? Not an easy task, in my opinion and probably impossible, without the price taking off.
That is my theory and thoughts as to why the ask will continue to get assaulted as it has been. Smart money will already have their shares in their pockets......sure the amount you own will go from 1.5 million down to 10,000, but the cost will be the same......$12K.....then you can sit back, stress free and watch the company and price grow exponentially. Best of luck everyone.....300,000 for me to get to my 1.5 million target. Monday is going to be crazy. I think .02 cents at least and maybe more.
PokerStar
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