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Re: pennystock_es post# 1575

Saturday, 08/21/2021 10:25:32 PM

Saturday, August 21, 2021 10:25:32 PM

Post# of 1674
Yes. Look at P10 Holdings Inc.

Share price went from the $.20's to $.30's during bankruptcy proceedings early in 2017. Currently trading near its all-time high of $8 per share.

The story with this company is very long and I will not go into all the details now. Suffice it to say that this company was basically broke after emerging from bankruptcy but received about $4M in cash when it sold approximately the same number of shares as retail shareholders owned, thus reducing the company's ownership to just over 50%. The original company retained their NOLs and merged with a ~$4B private equity company that was looking to go public.

They issued shares in the newly reorganized company to their original shareholders on a 1 for 1 basis. Took about 4 years of slow price increases, but like I said earlier, their sp went from the $.30's to around $8 currently.

Link to their chart is below:

https://www.barchart.com/stocks/quotes/PIOE/technical-chart?plot=BAR&volume=total&data=WO&density=X&pricesOn=1&asPctChange=0&logscale=0&sym=PIOE&grid=1&height=500&studyheight=100

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