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Re: delerious1 post# 109769

Wednesday, 11/01/2023 9:19:15 PM

Wednesday, November 01, 2023 9:19:15 PM

Post# of 111460
You're wrong if you think R/S never work out. In the OTC the vast majority of the time it's awful, but there are times it's warranted and necessary, and they all include reasonable ratios and a growing company uplisting to a better exchange. The devil is in the details, this scenario absolutely lends itself to it being one of the few cases where it's warranted and a critical part of success. Consolidating the share structure is an absolute must, putting it off makes absolutely no sense unless you're focused purely on the here and now and not the bigger picture.

Obviously there's a large risk this bombs, but I'm seeing things here that I don't normally see and the split makes perfect sense to me based on the desired share structure and their goals. Even the market is now telling us that things aren't as bad as the complaining here would have you believe, the price has firmed up and my bids aren't getting touched much at all. The ask is going to get thinner and thinner as it moves up. I absolutely don't see this tanking post split, in fact I think it's going to surprise a lot of folks.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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