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Re: skyrocketinsight post# 110525

Wednesday, 01/24/2024 10:27:16 AM

Wednesday, January 24, 2024 10:27:16 AM

Post# of 111456
We can agree to disagree on what I consider the main point, which is in the long run the split won't actually keep the stock from reaching it's potential. Let's say in your scenario the stock goes to .002, splits, releases good news then runs 100x. In this scenario though the split first, drop down to .0003, but then the split damage is shrugged off after the reorg and news and it still does 100x from .002. I think no matter what stage the split was announced, there would be a phase of the market digesting it as some longs will always bail on R/S news, so in my eyes this was just one final shake out before the show starts. Check some of the biggest breakouts in OTC history, many if not most have one good shake before they go crazy. It actually helps the overall breakout to get the sentiment to it's lows when things are bottoming and reversing.

My main point, which again I'll agree to disagree, is that the actual price on the day of the split is meaningless. Once the market is on board again, this will find a much more attractive market cap. The price on the day of the split is cosmetic more than anything, actual supply and demand when liquidity spikes is all that actually matters.
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