Tuesday, August 21, 2012 12:40:12 PM
Yeah, it is a tough decision to make.
"there are the times that try men's souls".... and their wallets, brokerage accounts and sanity!
I look at the situation as if someone slid the scale up. There is a greater range to fall to get to zero value, but a tougher climb for the opportunity to make the same proportional profits we had a chance at yesterday.
I also recognize that the value of the shares will fluctuate along the way, presenting us with opportunities to play the up and down movements of the stock.
We did not have that when we were stuck at no bid. We now have a starting point, roughly .50, to charting from.
The down side we know is zero, but the upside is the difficult figure to set. If it is a conservative $1 billion market cap, as PNYSTKB opined, that makes the PPS $140+/-. (More news and info will help set that figure.) But it puts the stock back into play for those who want to flip it a bit.
It sure is not what I was expecting to see so quickly, a R/S this big, but it is a bold move if it works. Just helping to break out the stagnant waters and getting us free of the doldrums will be good to see.
(And stop the vampire MM's who have been sucking the life out of us for so long.)
All JMHO, but there are ways to profit from the upcoming changes.
GLTY
$CGFIA
"there are the times that try men's souls".... and their wallets, brokerage accounts and sanity!
I look at the situation as if someone slid the scale up. There is a greater range to fall to get to zero value, but a tougher climb for the opportunity to make the same proportional profits we had a chance at yesterday.
I also recognize that the value of the shares will fluctuate along the way, presenting us with opportunities to play the up and down movements of the stock.
We did not have that when we were stuck at no bid. We now have a starting point, roughly .50, to charting from.
The down side we know is zero, but the upside is the difficult figure to set. If it is a conservative $1 billion market cap, as PNYSTKB opined, that makes the PPS $140+/-. (More news and info will help set that figure.) But it puts the stock back into play for those who want to flip it a bit.
It sure is not what I was expecting to see so quickly, a R/S this big, but it is a bold move if it works. Just helping to break out the stagnant waters and getting us free of the doldrums will be good to see.
(And stop the vampire MM's who have been sucking the life out of us for so long.)
All JMHO, but there are ways to profit from the upcoming changes.
GLTY
$CGFIA
Don't take my word for it, Do your own research! Then you will know it's true!
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