Saturday, May 18, 2024 8:32:23 AM
-drop the share count to a ridiculous low number, around 5 Million shares, creates a set up for one hell of a jump on PR if the market likes it.
-BUT if they need cash, I suspect the next move will be for a secondary, ATM of something like at least 10-15 Million shares to raise cash
-the higher share price will make it possible for the institutionals to be interested in the shares. Said it before, we the 'little people' aren't going
to pull the share price up by our own actions, it requires the institutionals. (was hoping to see 50 cents before they did a r/split tho)
-and I am now wondering if they know WHEN and WHAT the PH 3 results are?? Or at least know that its going to be available for release and that
it will negate the effect of the r/split and prevent at least in the short term, the piling on of the short sellers..
This has gotten ugly and interesting. On one hand, I missed out on the hit last night, so I can at least observe.
Remember, the biggest thing in this market is, is their MARKET CAP unreasonable relative to the potential revenues. I use that as a guide
to whether or not I want the shares at the PRICE & SHARE COUNT its at.. Is their justification for a higher share price.. To be determined.
DISCLAIMER: At the moment, I have no idea what a REASONABLE MARKET CAP is for them. I was only trading the shares for what I could
get while trying to figure this out. Good luck. Own none at the moment. Undecided as to whether or not I will again.
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