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troutlake

03/02/19 3:07 PM

#17290 RE: sneak-attack #17288

Thanks sneak...I had been thinking the same thing...market cap is the correct analysis not share price/stock split. Yes the market cap has gotten crushed...but..that should be reversed soon!
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ssc

03/02/19 3:08 PM

#17291 RE: sneak-attack #17288

While the truth about how far erhe shares have actually fallen is quite painful for any long time shareholder, denying it doesn't change the facts. The 1 for 100 reverse split can't be ignored as if it never happened. Any historical price chart of erhe that goes back to 2006 will clearly show a high near $100 (actually $98.90). Yes, it only actually traded near $1, but the price has to be adjusted to reflect the reverse split for an accurate picture.

If that is too complicated, consider a person who bought 100 shares of erhe at 90 cents back in 2009. Those 100 shares cost $90. After suffering thru the reverse split, that person's 100 shares were changed into 1 share. To just break even on that 2009 investment, today's erhe share price would have to rise to.............wait for it,........... $90.

Not all that difficult to see. The FACT is erhe has fallen from a split-adjusted $98.90 to almost zero, aka $.0003; simply pretending there was no reverse split and refusing to adjust the price to reflect it might make sense in some new-erhe-alternative-fact-paradigm, but it can't change how far erhe has fallen.

If anyone still does not understand this, just try telling someone who purchased a lot of erhe shares back in 2009 at $.90 all they have to do is wait for some miracle that would take erhe back to $.90 again and they would get all their money back. Then duck.
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lovemelongtime

03/02/19 4:59 PM

#17294 RE: sneak-attack #17288

Thanks for straightening out the false claims in an orderly fashion!!