Replies to post #3790 on PSYC Corporation (PSYC)

[fsshon]

I think since the previous leaders decimated this company, looted it and then gave it to new CEO, She knows there's value in their product/service, but since they killed the pps there is only one way to go from here.

A R/S will clean up the share count and also hurt the prior thieves if they have restricted stock. It's the only way to get a handle on the O/S and reduce the A/S so value can be added after quarterly revs are added into the mix over next 2 years.

I bought into GOHE because of MoneyTrac, the thieves decided to sell-off and loot this company before exiting stage right. Now She has to clean up their mess and figure out how this company will make $$$$ in the future.

Will it?

[TimeItRight]

That would be horrible. We need a straight buyback and not reverse stock split. That is usually blood in the waters, smoke and mirrors.

Most companies that do that drop first week to up to 3 months. Shorting also increases. It is hard to also regain past losses if the beta changes as a result.

A lot of companies also do it to prevent delisting. Gohe/MTrac is on OTC Pink, so there isn’t a fear of that. To stop listing on Pink, all of the dealer-brokers have to stop quoting it.
Although, they could do it to help with staying in the other two OTC markets once they uplist.

This isn’t cleaning up the stock, it’s screwing over long time investors if it happens.