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Re: bidgog7559 post# 49000

Saturday, 07/24/2021 1:29:09 PM

Saturday, July 24, 2021 1:29:09 PM

Post# of 63243
Bidgog, Others here have already replied to your post and I again hope I was clear about the "buyback possible scenario". Emphasis on "possible". Oh and congrats on being in for so long!

You brought up a totally different topic of a possible reverse split of their shares in the future. I am guessing most here don't want to discuss that topic but I will gladly jump in. Good , bad, or ugly this topic I am sure is on just about every rational thinking investors mind. I like to include myself as being rational most of the time. lol

First we do not know the share structure since the reverse merger was done and we are still waiting on their revenues/assets/profits/losses or what have you to determine just what is a good share price. The share count could be the same as what was posted in earlier years or it may be less. We just don't know yet.

As mentioned by others here if it is the same as previous years filings than I am happy with it. If it is less I am happy with it all based on what potential I currently see in EGOC!

Let's say for argument the share count is the same and EGOC announces a reverse split that would have the effect of reducing share count and elevating share price "proportionately". If this were the case I would be happy knowing that we will be up listing to Nasdaq as a result in a very short period of time. Knowing that there would be a huge amount of buyers that could now dive in where they couldn't when EGOC was a penny stock on the otc and I'm talking about institutional investors and smart stable long investors. lets say the reverse split takes us to 5.00 per share and then we uplist to Nasdaq. That new Nasdaq uplisting coupled with EGOC's revenues and growth expectations etc etc would almost instantly sky rocket the share price and this would likely happen immediately. Just speculating mind you. We don't know what their revenues/liabilities/assetss etc are yet but from our DD it looks to be really good.

So that is why I don't see a reverse split here being a bad thing but can be a good thing. Are they going to do a reverse split? Nobody knows. There are other ways of achieving their Nasdaq uplisting.

What are the "possible cons" for a reveres split?

Well some times you lose some of the people that buy and sell a stock multiple times a day lol. This could be a pro and a con. They like to gravitate to the penny stocks and they love volatility. Will they be in when EGOC is at 5 dollars a share? My guess is not as many . So we lose some of the possible Manipulators of the stock price. Don't mean to offend those that legitimately trade daily here but there are those that manipulate in my opinion. End result is a much more real and stable PPS where the stock price is driven either direction strictly on the merits of what they are doing as a company. Kind of the way the market is supposed to work.

With "some" RS's it can be a bad thing for share holders. Example would be a company that has no real income prospects and has had a history of being a worthless company. This is when the RS can be like the kiss of death for a share holder. I don't even reomotely see that with EGOC.

Also you can get hurt if you only own say 75 shares and the company announces a reverse split of 100-1. wow. now you would have a "fraction of a share" and really cant sell it on on your online trading account, you would have to physically call your broker sell it to your broker". So in theory it can eliminate some share holders like it or not. But in our case do you know anyone that has less than a hundred shares here?

I welcome others to comment on the "possible prospects of a RS in the future" and if you would see that as a good , bad , or ugly thing given what we know about Pangbo/Egoc. I know we don't have all of the info yet but this board is for discussion, possible scenarios, and opinions. We should entertain all possible outcomes. Oh and thank you to BIDGOG for bringing this topic up!
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