Followers | 386 |
Posts | 9065 |
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Alias Born | 03/04/2006 |
Tuesday, December 29, 2020 2:09:17 AM
Alpp was a 77 bagger Friday now its a 110 bagger. It gained 33 bags today alone. Does that sound like something you'll see on the nasdaq. Seems to be a lot of confusion as to what the purpose of rs in this situation. Its not to meet min pricing. Its to reduce the share structure down to 10-20mil shares max outstanding maybe lower so they can issue new shares post rs on the nasdaq. Its a very effective way to wipe out existing shareholders. 120mil OS is far to big for nasdaq so say 12/1 rs reduces OS to 10 mil. The price goes up 12 fold which is way to high. The stock is repriced lower post rs for the nasdaq opening. Earlier this yr another otc went thru this process 15 to 1 rs price was $18 post rs then underwriter price the stock at $3 -$4 currently its less than $2. What good are all the current shares and otc shareholders to the company when they move to nasdaq? There not they want new shares to be sold and new better quality deeper pocketed investors.
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