Buscar Company (CGLD)

[PennyStockTrader2]

Buscar Company Announces 3.5-for-1 Forward Stock Split Has Been Filed with FINRA

BEVERLY HILLS, Calif., Feb. 15, 2022 /PRNewswire/ -- Buscar Company, Inc. (OTC-PINK: CGLD) announced today that it has filed with FINRA its corporation action notice for a forward share split on the basis of three and a half (3.5) new common shares for each one (1) old common share (the "Stock Split").

All shareholders as of the record date of February 18, 2022, will be entitled to the Stock Split. The primary reason for the Stock Split is to make Buscar's capital structure more attractive to a wider range of investors. The forward split will take place on or about February 18, 2022 subject to FINRA review of documentation.

So what a waste of time and energy. Now I have to go calculate what the new price should be, I guess it will be around .15 / 3.5 = .0428. What is the friggin point of this, how in the world does ths make it more attractive to a larger range of investors, I simply do not understand the logic here and it just confuses people who have been in the stock a long time. So is it going to drive the price up some magical way, I have no idea, just more busywork. In fact I argue we want to move towards fewer shares rather than more shares, they did the opposite of what they should have, absolute dopes.