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Re: towelguy post# 6988

Friday, 11/20/2020 6:06:16 PM

Friday, November 20, 2020 6:06:16 PM

Post# of 7425
That’s correct, the problem with reverse splits is that the stock tends to sell off aggressively after the split. So if you take the last two splits the stock sold off probably 90% plus.

Today’s price of $2.90 is lower than the clothes yesterday and in the coming days and weeks, odds are it will sink even lower.BIO-key management wants to get the stock price up, they need to do with the old fashion way, they need to sell stuff taken revenue, get paid for it and show a profit.

That is something BIO-key management has not been able to do for the last 20 years. A reverse split doesn’t help that, it actually makes things even worse because those who don’t know that many shares after the split have a tendency to just knock them and get out


For me to hold a lousy 28,000 shares the way I invest is almost a worthless endeavor. I would probably also add that I probably own more shares then all insiders combined with the exception of maybe Calvin Wong, of course that’s if Wong even owns any shares now.
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