If they don't follow up with big news real soon the price will go down this is my 3rd stock that did reverse split and they all went down after the split it's critical that big news follows or you going to wait it out for awhile
You talking about another company.As far as Intellect this was a complete diaster.A 10 to 50 r/s might have not made all go against them with vengeance in mind.
The ones that invested 25k into this in say 2010 has a worth of 2 dollars now.The ones that put 25k afterwards is now worth about 100 dollars.
If I remember the last r/s it open .025 cents it traded up to about .05 cents over a period of time and even went to like .18 cents short lived but if I remember right it did.
Now what will happen going forward.Thats is to be seen.Will they do like before and move the pps up twice as after the last R/S is to been seen.
Wil there be serious news we don't know and to be serious unless its in a SEC filings one is insane to beleive a word these people speak.
On the bright side you got new owners.If one looks at ALQA thats the plan here cause I understand Barry is apart of this funding and will try to do this here.
The jury will be out for some time until the facts are know (ongoing Shire trial).Its all or nothing and that will be the factor that decides if the pps goes to pennies or take it to a level never seen before.
If you owned this months ago to me its stupid to give what one has left for nothing.At this point I'm still trying to resolve issues the salt glass is almost empty.
One thing even if I've nothing but anger inside me regarding past issues and events that have now occured.The winners are anyone new coming into the company and that dog Maza.
The company has little debt unheard of o/s shares and cash on hand.No need for dilution in the short term.Most likely easy to say for 6 months the bills are paid so alot could happen in the coming 4 months.
Now to the rest of the story.Next week should tell everyone did they really have a plan was the complete wipeout of everyone 16.25 million to insiders and no telling how many millions to common holders worth it and was it justified.
Still don't see Maza making it as the CEO into Jan 2015.Might be wrong but he played the middle against the center and destroyed everyone for his benefit imo.
There was better funding available for sure but he sure sucked the majority holders into self destruction by delaying everything imho.
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