Wednesday, August 03, 2022 4:15:03 PM
Say you bought 100 shares at 11 cents plus $6.95 commission. Your cost is $17.95.
Presuming that, at least for a short period of time post-split, those shares should be worth 25 times as much, based on the 25:1 R/S.
But…
…25:1 won’t get SHMP on NASDAQ, so if SHMP were truly serious about an uplist (and I don’t think they are), the R/S needs to be 40:1 and I think even 50:1. And those 100 shares post-split would be BRIEFLY worth at least 40 times their cost. And $11 x $40 = $440, less the $6.95 sell commission.
I'm here for the entertainment and to entertain. I'm certainly not here to give financial advice and anyone who thinks otherwise is a fool.
Recent SHMP News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 09:04:35 PM
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- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/17/2024 09:31:02 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 11:30:31 AM
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