Friday, May 07, 2021 1:21:19 PM
A R/S of 1:275 at the current 0.015 gets it to $4. Although Kenny would want to go a minimum of 1:300 or $0.015 --> $4.50.
That would take the O/S back to 7.95M shares.
A SH who had 2M shares and dreaming of having $2M when the stock hit $1 before the R/S 1:300, now has the replacement dream of holding 6,666 shares which have to hit $300/shr to have a value of $2M. One would need a flying carpet to visit that dream.
And while Kenny was shuffling papers for a listing submission to the Nasdaq, it would continue to be up to retail to support the initial R/S $4.50 PPS. Want to buy 10K shares? Before the R/S the cost is $150. After the R/S $45K. It's no longer loose coins in the back of the couch buying N shares.
Those are the two main reasons a Microcrap performing a large R/S see the PPS slip after the initial sessions post R/S.
The only interesting question is how long would it take for Kenny to bloat up the O/S from 7.95M shares post R/S back to 200M --> 500M, and onward to the billions again? As the PPS gets pounded by the dilution.
The Jewel of the Mind is Colored with the Hue of what it Imagines
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