![](https://investorshub.advfn.com/uicon/714835.png?cb=1618201298)
Sunday, March 21, 2021 2:02:11 AM
Why would BYOC issue more shares, to buy them back to retire them? No, but to generate more income. In addition, a company would rather execute a reverse split than to buy them back to retire them, this mostly happens with penny stocks or low priced stocks to move into another exchange to to prevents themselves from being delisted.
The fact that they mentioned that they have the option to execute a reverse split in the 8K filing, one cannot escape the fact that the possibilty does exist.
For this reason it is better to remove your initial investments with some profits, holding on to those profits to increase your position at a lower price, but only if the price of the stock drops and that is only if you want to increase your position in the stock.
In my opinion, I believe down the road they will execute a reverse split down and this is why it is important for them to issue a positive press release. A positive press release will increase the value of your investment enabling investor to cash in profits.
I am a shareholders and understand that BYOC is a real company and that they have good clients, but with the amount of shares they have one cannot escape the reality of a reverse split.
Recent BYOC News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 10/06/2023 09:19:32 PM
FEATURED ELEMENT79 GOLD CORP PROVIDES UPDATE ON CHACHAS COMMUNITY CHARTER AND REVENUE GENERATION, M&A ACTIVITIES • Jul 30, 2024 8:00 AM
Avant Technologies Opens Equity Line with GHS Investments as Company Explores Expansion into Additional Technologies • AVAI • Jul 30, 2024 8:00 AM
INDEXR AI Merges With Moon Equity Holdings Corp. (MONI), Creating a Leading-edge Technology Company • MONI • Jul 29, 2024 9:59 AM
Cannabix Technologies to Deliver Innovative Breath Logix Alcohol Screening Device to Texas, USA • BLOZF • Jul 29, 2024 9:07 AM
BNCM AND DELEX UNVEIL POST-MERGER MANAGEMENT PLANS • BNCM • Jul 29, 2024 9:00 AM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM