Granted there still aren't a "lot" of shares outstanding ,so the stock can still move but ... if they hadn't done the R/SPLIT and issued the shares they did the share count would have risen to 60-80 million depending on who is doing the counting.
That's a lot of dilution in such a short period of time
Question is ... does the market see that because shares are still under 10 million .... I mean they say when a R/split is done nothing "theoretically" changes ... well it does when you sell that many shares in such a short period of time After the R/split
I guess IDXG was thinking along these lines ... "Well we can do a R/split and then dump a lot of shares and no one will be the wiser ... the market has short term memory after a period of time they'll start buying it up again"
Revenues might be what people want to see now before they give it a higher price tag because of their uncontrolled Capital raises
most times when you haven't timed trades well and you're as angry as you r with mgmt it's best to find something else to invest in. There are a lot of equities out there that r going to perform a lot better than this over the nxt month or two so go take advantage of them. This one isn't for you any longer - don't tempt fate. Good luck.
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