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Re: Testpilot post# 42259

Monday, 03/18/2024 6:01:02 PM

Monday, March 18, 2024 6:01:02 PM

Post# of 42693
I've read what others have been saying, my mistake, it should have been 80% not 90% and also my own experience in similar purchases of corporate shells. While I believe that the current company should be worth more than that, I believe they wanted this to happen and agreed to such an arrangement in order to gain the financial support needed to bring the overall company to a position where a listing on a major exchange is possible.

Let's say they do a 1 for 10 reverse split, giving existing shareholders 1/10th the stock we currently hold, they maintain the OS slightly below the current O/S by taking the 80% position. With their financing and revenue if we're a $5 stock, we'd be well ahead, i.e. like $.50 a current share. Everyone wins in such a scenario.

I'm not saying it will happen this way, just one possible scenario. Perhaps they'll be no R/S, but without it, they'd really need to bring in tremendous revenue and financial backing to justify the $4 or higher price needed to go on the Nasdaq. I really can't say that they could be worth that much.

Gary
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