I love the Tweet. (Teaser)...Ceo, just keeps on proving me right. I mention ahead of time that there's no MJ news until business "expo" is over.
Today, I gave my $.02c to a member which he believed I'm wrong. My post is currently being reviewed by the admin.
I told the guy it's not dilution, until the company does a reverse split. I guess the guy doesn't know the difference between "Share Reduction & Reverse Splits".
Reverse split is when company doesn't have "enough cash to burn", they will give you less shares for a higher price. Simple!
Share reduction, whatever value you paid for shares still the same, if the price drops it's not "dilution", that's just profiteering and consolidation move done by retailer.
If the CEO doesn't want to keep the shareholders value, he could have done a reverse split instead of "share reduction"... this case, CEO clearly speaks on behalf of the company and building shareholders values by keeping the same price we purchased.
Sometimes, I see bears says the same BS over and over... when it's red, they yell "dilution or toxic debts"... seriously, back your sh!t with some information. As I stated, CEO only been in office for 6 months the progress he made is unbelievable.
So, what if the price hit the low $.0006 - from $.0010, at the End of the day the price wants to close High... (this proves that we have profiteering and panic sellers). Not dilution!
Well, patience is the name of game... I know what I own.
I clearly understand the difference between reverse split and share reduction (cough cough #No Names - we can't fix stupid)....
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