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JohnnyCashingIn

04/18/15 11:14 AM

#17961 RE: AXEZEROED #17957

I think you right Ax. If they had any other means of making cash flow it would be better. We'll see. Hopefully many won't have to wait for the upside too long.
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stock_clerk

04/18/15 12:17 PM

#17978 RE: AXEZEROED #17957

It's not going anywhere Monday. If they do follow through with the reverse split it will not be trade-able till end of the week earliest. Period. Well, this can depend on how quick the company is on their end, but I've yet to see an R/S go through on a penny that was trading again the next business day.

And it sure as hell isn't going to .01. People who got scared and/or sold to avoid the whole issue most likely already sold. Also the fact that the R/S might be active effective on 4/20 is a catalyst for the price to rise when the shares become trade-able again, not fall. Especially if the company announces the closing of one or both of these properties. Ever think that's why the R/S was filed right after the news of the delay.

Anything could happen here...if you held all you can do is wait and see and then trade accordingly.