Bowmo Inc (BOMO)

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everse Stock Split Announcement On Tuesday, November 22, 2022, bowmo, Inc. filed the preliminary copy of Schedule 14C with the SEC. One might say that our time for announcing the preliminary reverse stock split was wrong: right before Thanksgiving Day. But our timing was wrong only if you consider the reverse stock split to be bad for the total value of your portfolio. However, once you understand the benefits of the reverse stock split for bowmo, as a growing company, and you, as our shareholder, you will most likely agree that our timing was right, because we announced positive news. 2.1. Panic killed the stock price and the value of your portfolio. Upon the announcement of the reverse split, a group of short sellers incited panic by posting falsehoods on Twitter that pushed the BOMO stock price down. There is no reason to panic. The reverse stock split does not change the value of your stock portfolio. Example: If you own 100 shares at $1, the value of your portfolio is $100; if, after the reverse stock split, you own 10 shares at $10, then the value of your portfolio is still $100—unless you began panicking while selling off your shares, which, in turn, will trigger the stock price to go down! We have more than 20 days before the reverse split goes live. Instead of falling into the panic trap, you have a chance to review this Open Letter and, if desired, contact bowmo’s Management Team, asking them to provide the rationale and strategy behind the reverse split. 1Jim Probasco, August 26, 2022, for www.businessinsider.com.