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Monday, April 15, 2024 10:30:27 AM
Dated 4/11/2024
https://www.otcmarkets.com/stock/LVVV/news/LiveWire-Ergogenics-Announces-Growth-Plan-for-2024?id=436591
All good except for one part…under the section Plans for 2024 it states “Consider a share consolidation program to access a new investment universe”.
Now that can mean one of two things. 1. Share buy back or 2. Reverse Split. Doing a quick net search for… “What is a share consolidation program” and you will find this. https://brokerextra.com/what-is-share-consolidation/ So almost always especially in OTC sub penny’s it means a R/S and that is very, very, mush NOT GOOD!. This stock already has just about all the investors it is ever going to get. A reverse split here would loose those investors and there would be None, Nada, Zero, Zip new investors post R/S because the price would quickly retrace downward. So Bill if you’re reading this…DON’T DO IT.
![Bullish](/static/images/ih2-bull.png)
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