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Monday, November 22, 2021 12:53:57 AM
Current Share price is $0.55 with 235m OS.
Due to the cancellations, if the OS is reduced to 86m, that represents a 63.4% decrease in the OS. That means the fair market value should be:
$0.55 / 0.63 = $0.873, given NO OTHER UPDATES!
Just basic math people!
Then add in the flood gates of $GVSI & $GOFF people all trying to buy 100k+ $SRNW with their new found profits, and what will happen?
A 10,000 share order can barely get filled. If so, there is huge swings in the price. What will 100, 100k+ Orders do the Share price???
Ka-Boom!
PS:
I don't know who else follows the tickers on Twitter here, but the number of people who are just assuming they can get a large $SRNW order with no problems is staggering. Not trying to be pompus over the other tickers, but I can't help but chuckle at that logic.
If this happens, I expect a day where we go from $1-2 (while in Expert) straight to $10 on a single day. Simply put, the shares just aren't there.
WCC.
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