Wednesday, February 14, 2024 7:57:48 AM
I added to my position at .0055 (16.5 cents post-split) just prior to the 1:30 reverse split. The overall setup and company that is coming in here (Ridder Trader Group) does look potentially very interesting. I was hoping to get a better idea of what the exact post-split structure of the reverse merger and any potential dilution might like but I have been unable to get a response from the consultant (see post below). So absent any additional press releases that would provide more details, I might not get those answers until the next periodic report or two, which should come sometime in March/April.
Best case scenario: Ridder Trader actually owns the 5.6+M control shares, which would dramatically improve the chance of seeing some really nice upside. Worst case scenario: The consultant or another intermediary retains those control shares, which would make it somewhat more difficult to see a home run on this investment.
In addition to the video I included in the post below, there is an interesting video interview that the Ridder President did in early December....
https://fb.watch/qcogZN3eoM/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173579220
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