InvestorsHub Logo
Followers 31
Posts 1899
Boards Moderated 0
Alias Born 04/29/2014

Re: sundownsam post# 52286

Friday, 05/14/2021 10:29:56 AM

Friday, May 14, 2021 10:29:56 AM

Post# of 63455
Everyone should be very comfortable buying down here, when you look at what the market cap is for comparable companies in this industry. The only worry is if they can't make these acquisitions, and by the looks of the recent action in prs and the price action/ accumulation... they have support to make those acquisitions.

Of course you would bring up an RS to scare people, but the value of one's shares is the same before and after the RS, and why would they do that before releasing news about acquisitions? The only reason to announce an RS early would be to scare retail out of their shares to accumulate "loose shares". The smart money will continue to accumulate down here either way.

Plus as you've said yourself, doing a reverse split would make the stock even more attractive, as a great comparable, look at GMGI exactly a year ago when they did a 150:1, price rise was stable and pps is somewhat stable now. In fact after announcing an RS, the pps actually rose and shocked people. I actually hope for a similar type of play here, but that's just my opinion.

My thoughts/opinions are my own, based on research & DD, best to find your own! I invest for myself/ family 1st, then everybody else.. the same as any business!
Please do not buy, sell, hold based on my opinion!