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Saturday, March 26, 2022 3:29:55 PM
50mm shares is a lot but doing a reverse split or even a stock split has no economic impact on a 50mm shareholder. with that said, the negative implications of rs come in and reduce value as shareholders gets scared and sell.
this is the new otc. old otc rs were done to sell more shares at a higher price and drive it down until dilution has had its full effect. today, as we saw with HRAAD, some reverse splits are good indeed (although HRAAD still has a way to get back to it pre split value, but investors are recognizing it isn't a share selling scheme so they came running back).
Everything I say is my educated opinion and is NOT investment advice
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