In recognition of those following my stock market moves, I'd like to point this out:
After shifting $20,000 to my brokerage account this morning via ACH, I'm realizing that it would be smart for me to hold off taking action in Avita Land until the redomicile effort has concluded.
Some here maintain the stock will decline demonstrably once the change of address has become a completed transaction. This, along with the reverse merger (5:1) brings a potentially substantial question into the mix.
What I'm seeing is this:
If RCEL should drop today or any day leading up to the release of official domicile approval along with the reverse split that will reduce a hundred shares of today to just twenty shares following approvals--- should I add on weakness now?
Speaking only for myself---I'm holding for the moment. Can shares drop following the reverse? Of course, they can! But they could rise too!
The reverse is not more than a realigning of biomed stocks. Nobody is springing a surprise on us. It's merely an accommodation of sorts, one which our company's management believes will be in our best interest.
I'm ok with this. And if some shareholders (shorts?) try to bring us down? Well, it's nothing new as it's their agenda all the time. But penny stocks often become targets of short attacks. That, especially here at IHUB, leads me to think we may suffer a sudden decline in share value. I won't have a sense for potential share price damage until I get to witness firsthand early trades following the official redomicile conclusion.
So then, for the moment I remain in holding position, awaiting shifting fundamentals. One thing we do know for sure is that these fundamentals will, most assuredly, occur as they must. Things are in motion and now we simply await the settling of things already in process.
More as we find greater clarity. But I've got $20K locked and loaded and if opportunity emerges I'll swoop down and go for the biggest swallow I can get.
Burpingly yours,
Jugs
