Hey Crozz, firstly, I would like to mention I have a great deal of respect for your knowledge and comprehension of the OTC market.
However, having said that, I disagree strongly with your response to Broken in replying to Shelby about the Mphase Reverse Split. Post 158000
What a coincidence that today is the one year anniversary of the actual Mphase XDSLD split date. While I don't agree with BI about increasing shares to management prior to the split, or nearly anything for that matter, the part about the existing shareholders getting hurt financially is sadly very, very true.
While the AS reduction is noble, it has nothing to do with the simple math calculation that occurred in shareholders accounts.
The setup:
From the end of January, 2019 to just before the split May, 21 2019 the stock is trading between $1.00 and $1.50. The split takes it to $1.63. One week later and inside the no trade freeze the stock drops to $.070. Woops!
Lets say your one of the shareholders with 250,000 shares. The three months prior to the split and up until the split your account value is: $375,000 on a $1.50 day. You most likely bought in the several months prior when it averaged @ .50 Your up a quarter mill and loving life.
Now just like Gomer Pyle would say, "Shazam" and now just 7 days after the split, your share count is now 50 after the 5000/1 split and your account value is $35.00, yep, Thirty five Dollars. If you held to the next high of 12-2-2019 @$1.47 your escape value at it's highest is $73.50 And today on the one year anniversary from the split your account value is $1.15
Isn't that special.
I have been through 3 R/S's and they all had the same results. I know there are a few examples of good from these but they are as rare as hens teeth.
Management looking out for the best interest of it's shareholders; Not my take on this one.
VRUS
ST
