Merger and split.......
...WLSY,(OTCBB 2.75) has just completed a reverse merger with a private company and will be doing a 20:1 F/S(date not announced yet).
Since the current OS is only 4.5M and 15.5M shares will be issued to the carry-over shareholders of the private(surviving) company, the split MUST take place.
Even though the merger/split wasn't announced until about Feb 22, it appears that insiders leaked information about this two months in advance.
Beginning at the first of the year, the price started moving up from a base of .16
Now, it looks like profit-taking is bringing the price back down.
If the split were to take place today, the post-split trading price would be about .1375
IMO, not much area there for a post-split run.
But, if the selloff continues until the split date the pre-split price could be driven back down to the .16 level.
If that happens, the post-split trading price will be about .008 and an opportunity for great post-split profits.
There is potential for a 10-20 bagger..Watch for an entry point.
(as usual,,,JMHO)
"Aim low Sheriff...They're ride'n snakes"
as usual...JMHO..SMD
