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Thursday, May 26, 2022 3:47:09 PM
With that said, I think and could be wrong, that shares are getting a lot more scarce as those that were left from hraa have to be gone. Why?
1. A total of approximately 95% of HRAA’s market value was wiped out on the two days after the reverse split was announced. That was a complete ass whipping as that is how I found out about this stock as I owned a tiny amount but the % down was mind boggling. Just because a reverse split! Reverse splits and stock splits have zero value implications mathematically but all mental! So Doug did clear out most of the otc flipping scum.
2. HRAA became HRAAD for a month post reverse split and went from a buck to $5!
3. The D came off and the stock has gone from circa $5 to $2-3 area. Tells me new flippers are gone from the run up on #2.
4. Primarily left with investors that are now committed to the time it takes. Hence, hard to get shares and margin calls are down as a ton of risk has now reset down
Everything I say is my educated opinion and is NOT investment advice
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