Friday, October 06, 2023 11:47:45 AM
OTCQB requires minimum $0.01 share price,
aka: $500k market cap and 0002 pre-split price equiv.
we're already down to 0002/0003 just in anticipation of the RS
due to reasonable assumption that there will be a ton of dilution post-RS
as happened in 2011 here,
into a now 5x larger AS overhead (5/2.4 pre-split, 500/48 post-split).
so you're effectively betting that mark will give traders
robust confidence that he won't dilute heavily post-RS,
despite a history of doing so.
imo, betting that mark will postpone the RS
seems a more likely scenario
than betting traders seeing an RS with larger AS overhead post-split
won't bail aggressively to ply their capital elsewhere.
time will tell.
99.99% of all pinks are scams. Best to assume the other 0.01% are as well.
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