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Friday, May 20, 2022 8:53:11 AM
That's an 80% haircut.
It's true the value of the new share count is equal to the value of the old share count.
UNTIL
09:30.01 or sooner, let's say between 09:30:00 and 09:30:01 when the ticker begins trading in a new cycle. Once the pps reaches $1 - again - the $ 80% haircut will arrive. Under current conditions, it's inevitable. Until the $1 haircut everyday will be a little trim, a little here, a little there. Don't think for one second that this fraud 1:5 R/S will reverse the downward trend that started in Nov. 2021.
Lower Highs and LOW, LOW, LOOOOOOOOOOOOOOOOOWER LOWS!!!!! Will Continue.
Who in there right mind will say HOLY SNYKIES, $HIVE is at $4.516, BUY; BUY BUY!!!!
Wait until $1 then I might buy back in. That would be $0.20 pre 1:5 R/S
Meanwhile Preferred Shareholders got an 80% bonus overnight. Isn't that special.
Hero Worship Inhibits Free Thinking -- Don't Drink The Kool-Aid
. . . . . . . . and of course Reverse Splits SUCK!!!!!
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