Yup. The way smart money should interpret this 8k:
Those shell shares you bought are now a legitimate, and profitable company thanks to the reverse merger. Huge win... would expect several 100's of % gains if not for news of the RS, which brings me to-
RS. While reverse splits don't change any value in your shares and actually are often very effective ways for management to achieve uplisting goals, they for some reason have a negative perception in penny land and the majority of these I've seen cause sell offs when announced.
However, and most importantly, I have never seen an 8k announcing both a reverse merger (very good) AND a reverse split (not bad, but penny land thinks it is). Its time to see a battle between fear vs. greed tomorrow, I'm excited and very curious to see how this plays out. From a purely financial prospective this news is great for current shareholders, but some may be scared out of their shares due to the rise in AS (to prevent hostile take over), and mention of reverse split. The RS does not directly impact anything in terms of how much your shares are worth, and the AS will not either unless those shares are released to the market (which I explained why I see this as unlikely in my previous post). Therefore a logical market would see a strong upward push tomorrow, but this is penny land and logical trading activity is something you should never expect in the short term. Long term I have great trust in my investment, and while I only hold a small position currently I will be excited to either see that boom tomorrow or buy shares that are even cheaper than these current bargain shares on a dip.
GLTA and good night.
Do your own DD and do not trust anything without verifying it yourself.
AI
