Stock doesn't get diluted it becomes reduced. If you own 10k worth of stock, technically you still own 10k of stock. But instead of 10000 shares at $1.00 you would have less at a higher stock price. But in this case they are doing a 100:1 reverse split. Easier to put, if you had 100k shares at $0.03 (3k) you will now have 1000 shares at $3.00 ($3k). Has anyone heard of a successful reverse stock split???? Hopefully.
Still no news. So they plan on going to the American exchange in a year. Big frickin deal. What about right now? VoiP, is it still a go for this month. They are now going to be charging a fee for service - do they have the members to actually do this? From the nembers everyone had kind of come up with I don't think they do. It is not like they had hundred of thousands of members and could afford to lose half, they only really had about 3500 members in the states. But I guess if half signed up that would mean $17,500 gross revenue per month.
I sent a note to Lourdes today requesting answers but I am guessing there will be no response.
Anyone else wanna send a note. Frick, feels like a good kick in the teeth today. No news, press releases, or response and then this. Wondering if it still worth it to stay in or cut my loss and recoup somwhere else.
Anyone have thought to this today?
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