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IdiotsPenny

11/16/18 3:23 PM

#177423 RE: Chag #177421

Do eeeeet! Buy 'em up

flyersdh

11/16/18 3:41 PM

#177427 RE: Chag #177421

Its most likely not mom and pop shareholders but the convert holders who get an automatic 40% discount and are making a profit off of your losses. They don't care what the stock price is (actually the lower the better) as long as there is liquidity to dump them into.

Penny stock 101.

shotsky

11/18/18 2:43 PM

#177481 RE: Chag #177421

I guarantee that will cost you money. Probably at least half what you put into it. Anyone buying into a company that is about to do an RS is simply giving money away.
Let's see, if the price is 0.0002, which it is today, and you have, say 10,000,000 shares, your portfolio value is $2000. After the RS, you will have 1000 shares at $2.00. Portfolio value does not change during an RS.
But that $2 share price will absolutely NOT hold up. It will drop to $1 within the first week after the RS. It may never hit $2 again, so you would have a permanent loss. But worse, the company has a track record that shows that more of the same will be in the future. No matter WHAT the CEO says about the reasoning, it will be more toxic loans and more dilution.
Keep an eye on that AS after the RS...if it's not dropped significantly, it is just a big empty bucket to put diluted shares in...