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Tuesday, May 02, 2023 4:56:28 PM
Dilution is a problem most of the time. In the past, INTV diluted usually when raising cash to purchase substantial amounts of new mining power which they followed through on. This is ok if managed well over time.
When a reverse split happens, it almost always is due to the need to raise more cash than a company has in shares available vs outstanding. This sends a very strong message to the investment public especially on the OTC market. It usually means the company needs to do a reset and any common shareholder will need to take a substantial haircut. Of course, the owner always has the ability to issue himself new shares at the new lower prices to recover an equivalent percentage of ownership.
Sure, some longtime shareholders can always "average down" to hopefully eventually break even again but that requires a lot of trust in management that just threw you under a bus so to say.
Current management (Steve) has taken a substantial hit to reputation with the RS (and no simultaneous and justifiable deal). I gave them a lot of credit for surviving the last crypto winter and coming out the other side with minimal dilution and increased mining power. With this reverse split, I no longer trust his business acumen.
Good luck to those who choose to stay.
Recent INTV News
- Integrated Ventures Files Q3/2024 With Mining Revenues Of $1,983,250 And Positive Earnings Of $0.05 Cents Per Share • InvestorsHub NewsWire • 05/15/2024 02:30:00 PM
- Integrated Ventures Delivers 376% Q2-to-Q1 Growth With Revenues Of $1,728,108 vs $1,059,064. • InvestorsHub NewsWire • 02/08/2024 01:30:00 PM
- Integrated Ventures Reports Preliminary Q1/2024 Revenue Results Of $1,059,064 vs $555,365 for Q1/2022 • InvestorsHub NewsWire • 11/10/2023 01:30:00 PM
- Integrated Ventures Buys Additional Miners With Focus On $7 Million In Yearly Revenues • InvestorsHub NewsWire • 11/08/2023 01:30:00 PM
- Integrated Ventures Reports $3,862,849 In Yearly Mining Revenues With 162 Bitcoins Produced • InvestorsHub NewsWire • 09/29/2023 02:00:00 PM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM