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Re: daiello post# 12888

Monday, 03/29/2021 4:32:21 PM

Monday, March 29, 2021 4:32:21 PM

Post# of 16002
I get the thought process but I think we may already suffer from liquidity issues. If they do a 1:5 the float shrinks to ~10M shares.

I think I'd rather see them bleed for the next handful of months until better earnings are in hand.

My pessimistic take is 1:5 R/S, boost share price to $5-7, then turn around and dilute us with $50M offering.
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