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arachnodude

09/26/19 7:02 PM

#172644 RE: WebSlinger #172639

Speaking of perceptions...Riddle me this...

Why is Tesla (loses billions) worth more than Ford (made $6 billion in Free Cash Flow last year)?

Why is Snapchat (loses billions) worth more than Viacom (made $1.6 billion in FCF last year)?

Why is Netflix (loses billions) worth more than Sony (earns billions)?

And a few others to consider...WeWork? Uber? Lyft? Snapchat? the list goes on.

Define worth, right?
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GTman1

09/26/19 7:16 PM

#172651 RE: WebSlinger #172639

But the perception is that companies perform a reverse split for all the wrong reasons (which is mostly true).



I agree with this. And it's because most companies that do an R/S, do so to stay on their listing. Not to get uplisted, which is KBL's case. This is why KBL's R/S should be looked at from a different perspective, instead of being lumped into the typical reasons for an R/S.