Sunday, February 10, 2008 3:48:50 PM
Lets say they did a 1000:1 RS there would be:
11m os (estimate)
7m float (estimate)
Share price given .0001 (current price) x 1000 = .1
Market Cap= 11,000,000 x .1 = $1,100,000
So basically you would have a stock price of a dime and the stock would be more biddable...Obviously, shareholders that don't want any part of the stock will dump as soon as they see bids and the price will come down, as most R/S stocks tend to do...However, if ifinix had themselves some news of actual substance (best opportunity for company to release news) this would be the time where we have a serious opportunity to make money...If investors still have faith that iFinix' business model is still a profitable investment they will flock here...
If the stock does not R/S then there is no chance for it really to do anything because the spread will be so large and fills will be nearly impossible both buy/sell side...It will continue to stagnate worse and worse and investors will continue their negativity...
I remember when this board was jamming with 500+ posts a day and the stock was trading 250k+ per day...Those were the times when smart traders/investors made big money by taking advantage of such an interesting business model...
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