Replies to post #6794 on David Lazar's OTC SPAC's/CUSTODIAN Plays

[alstocks]

Yep, I have posted about this ad nauseum...

new owners that are advised to do a 1-1000 r/s

then go silent are 100% DoIng it WRONG

Good luck to all

[Imagineer66]

Two things to note:

First, after the RM/RS announcement with a RS of 12:1, the PPS went from $0.02 to a high of $0.40. I'm guessing but the 12:1 didn't sound to bad and the new company had assets.

Second, SOLS management then took a couple months to get their act together and price slid a little. Then they adjusted the RS ratio. So, at the current price of $5.20 that equates to a pre- 120:1 RS value of 0.04ish

That's not the kind of run I'm looking for.

We are seeing the same thing in QUTRD (Born, Inc).

Not saying the stocks won't be worth anything in a year but monthS after the RM seem to be a bit turbulent.