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Re: skyrocketinsight post# 110522

Wednesday, 01/24/2024 9:59:17 AM

Wednesday, January 24, 2024 9:59:17 AM

Post# of 111456
I definitely get why people are upset about him stating no R/S any time soon, and then not too long after that announce a R/S. I'm personally thankful it played out that way because that catalyst gave me the chance to buy in heavily at a price that was worth the risk for me, whereas in the .001 range I was only willing to grab a small amount. My guess is some big private investors advised him to split right away and get the vehicle all cleaned up for it's journey. If they wanted to uplist and attract real institutional investors and deep pockets, they would need to clean up the share structure. The fact that the o/s will be 50 million at least also keeps it nice and liquid post split, which is key. I do agree that without the split this would be at least in the .0015 - .0025 range by now, and would be set to breakout, but whenever the split was announced the stock would take a huge hit. Doing it now allows them to get it out of the way, solidify a rock solid foundation (getting shares in stronger hands), and allows all the good news to carry it without having to worry about announcing the split down the road. I've literally never bought into a split like this because this is unlike any other stock/chart/story I've come across doing a split.
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