I'm ok with that. I didnt look it up to the day.
My point is if we get a RS that was as high as possible we would go from .16 to $16
If news would move us from .16 to .20 than after the split it would move from 16-20 bucks.
I know there are a bunch of traders that think 100x less shares means you are losing somehow but that is what causes the buying opp.
If kim does a RS of 100 to 1 I would just load up at $8 like I would load at .08 if it dipped there today.
Honestly....forget the ethical judgement for a second and tell me if you think Kim would do a 100:1 RS and not have any news except dilution?
That is the only way it is giving money to charity.
And regardless of what anyone thinks of Kim, scam or not, he isnt one to just put out bad news after bad news.
If he was a scammer it isnt his goal to make the stock worthless.
If hes legit he isnt trying to make the stock worthless.
So announcing a RS and then nothing but bad news and dilution is not in Kim's plan no matter what anyone says.
A RS will be met with "fantastic" news.
Real or not that news will be a profit maker.
So all the doom and gloom over a RS is music to my ears.
The more its dreaded the lower the pps will go before the bounce