News Focus
News Focus
Followers 189
Posts 20903
Boards Moderated 3
Alias Born 11/29/2010

Re: marylandstockguy post# 26738

Wednesday, 12/14/2022 10:53:43 PM

Wednesday, December 14, 2022 10:53:43 PM

Post# of 35136

"It would be a 9,000% gain from .04 to 4 bucks"

--actually (it's 9,900%). Let's put it another way...

If today's .0004 stock achieved a 9,900% gain the price would be .04 ($0.04 cents). That too would result in a market cap of 300 million without a reverse split. Apparently Ken thinks 4 cents would impress those whose attention he covets on the NYSE.

But he clearly knows he'll be unable to lift the the stock to .04 and a $300 million market cap with the current O/S. So he plans to lift the stock to .04 the easy way via his 1-for-100 R/S even though the market cap will remain the same measly $3 million it is today. Provided people won't start dumping shares which they always seem to do. The only difference being they can fall 99.75% after his R/S instead of 75% now.
Bearish
Bearish

Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y