Yes Mark, if they don't go to Nasdaq we instead have a Penny company with nearly 500,000,000 million Stocks. That's almost worse.
Look at the numbers and imagine how much profit a company like this has to bank to get up to a 1 dollar actual value.
We as shareholders actually want that Reverse Split eventually, It just F's us long term holders pretty badly because he plans to Dilute the Stock even more before then. If he didn't plan to dilute the stock then a Reverse Split is not so bad, We would still own the same percentage of the company.
Diluting the stock to the tune of $15,000,000 dollars? That's insane when your already pushing nearly 1/2 Billion Stocks in circulation. Until EDXC recently filed I had no idea that they had been printing that many stocks. I invested because I believed in Todd and I still do.
As a older and wiser investor though I have been through this Pattern many times from 2008 and the 2020 recessions. I have explained it before.
Dilution Announced, Smartest move is to get out.
Wait for Dilution.
If they have a Massive Float like EDXC it's like inflation on steroids, it makes it worth less. They can't keep Nasdaq compliance to many shares floating around to short it.
That means Reverse Split! Wait until after that and that dip, then if you still believe in the company, which I do, is when to buy in my humble opinion.
I like this company, I would work for them is how much I believe in Todd and that this eventually will bloom into something. I'm a long term holder from his Pro-17 days and have followed the company daily. While researching him. So I'm a real life fan boy and I want them to succeed.
I'm just giving everyone my honest opinion after all my years of trading and what I have seen. Doesn't mean I'm any more important than you or your opinion. I just never reward companies or cheerlead for them when they announce Massive Dilutions that would lead to Reverse Splits.
