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Re: MikeD post# 49995

Sunday, 03/21/2021 2:02:11 AM

Sunday, March 21, 2021 2:02:11 AM

Post# of 63455
BYOC did not say that they will not execute a reverse split, they just removed it from the table and that's what was stated in that press release. If you read the 8K filing it does give them the option to execute a reverse split and they will do it if they need to.

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.