Saturday, August 15, 2020 1:43:01 PM
At the same time, it's important to look back and see that this stock has had 3 reverse splits within a short time frame [so may are bagholding] This last one would appear to be aligning things for a move to uplist. With those reverse splits, not many shares are left really, at 7.5M O/S it has incredible potential to push higher. The spreads & exchange rate to the GAME.v ticker will move rapidly. At present it's a 110M company, the question is how high it goes as it attempts to clear that hurdle onto NAS in this sector, which will definitely attract some attention.
Do believe a forward split will have to occur to increase liquidity for NAS, would help to get the avg volume above a 1M run rate.
GMGI is another reverse split that's working, they did 1:150, and it too has a low O/S. With all low floaters, to attract more, you need more available shares. We shall see, I'm sure some red days ahead, but it's been a good start after the R/S.
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