Varok makes R/S correction:
Hi Bill,
The math on the R/S.
It was my bad on the assumption that if the company did a R/S it would be in the area of 1:50..
I meant to type in 1:20 not 1:50
A very earlier post I mentioned a R/S of 1:20.
I think the R/S would be in the area of 1:20 and would gave a post-split count of 500m O/S and share price in and range of .015 give or take. This is the most reasonable and will provide the liquidity needed.
As far as doing a R/S to move to a higher range or uplisting isn't in the math.
The shares are trading way to low for any reasonable share price to allow uplisting other than off the pinks and this could happen, but not any higher..
To move to a higher range, this company first must lower the share structure and be able to maintain a stable price and then move on it's own merits, whether it be solid financials and NO dilution with a governing strategy that shareholders can climb on board with.
Down here in the pinks, I have never met a company that executed a R/S and then moved on to ROI for shareholders. The problem with a R/S is that it will for the longest time create a mistrust among shareholders.
Most veteran traders have in their portfolio of past, R/S companies that either don't exist or are trading in the gutter or floundering at the bottom in pre-split levels never having to rebound or amount to a reputable company.
The problem I see with respect to LFBG is a company with a great business model, but the investment side is not and ever will ROI to shareholders. The company may survive like many down here, but every company really never achieved real success with respect to shareholders interest.
If this company is able to be that .01.9% of all companies to break out and reward shareholders in share price appreciation it will be the first.
To be that company, the company must in the post-split run the company based on growing rev and not printing shares.
Have a good day
Varok
