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Re: peafunke post# 136977

Monday, 09/26/2022 12:22:08 PM

Monday, September 26, 2022 12:22:08 PM

Post# of 161788
That dollar amount was based on my cost basis and the number of shares I will have left after the split. It will take getting the stock to $37.50 (approximately), post split, for me to recoup my losses. I did not make a mistake in decimals. That is what it will have to get to for me to break even. The share price needed will be different for each person, depending on their cost basis.

Even for those who bought sub penny (which I did not) prior to the announcement, they would not break even if it only goes up to $0.035. Let's say they bought 1,000,000 at $0.0035. Their cost would be $3,500.00. After the split, if the price per share went to $0.035, their shares would be worth $35.00

And there will be dilution, post split. The company needs to raise money. The number of shares authorized does not get split. By doing this split they will have more outstanding shares to sell.
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