Just an F.Y.I.......I am still in an OTC stock that was profitable but had a 2.85 Billion outstanding share count and traded in a tight channel of .004-.005 area for a long, long time. They announced a 150-1 RS and the price rose gradually over a month to close at .018 the day before the close. They announced the RS because of wanting to uplist to Nasdaq to be exposed to hedge funds and the likes. The day after the RS, we started trading at $2.68 and over the course of 2 months, rose to a high of $7.75. Since then, due to some paperwork needed by Nasdaq to complete the request to uplist, we have slipped back to the mid $5.00 range, but that will end quickly and easily run to $15-$20 when the uplist is granted. That ticker is GMGI and they have a 21 million shares outstanding with CEO and board owning about 50% of the shares. Very comparable to the share structure here. I agreed as well that a reverse split was definitely NOT warranted with such a tiny share count but just pointing out that not ALL OTC tickers are the same when a reverse split is announced. Considering this reached the $2.00 mark before they commented about a 15-1 reverse split, I'd have to say, with anything around .50 cents, the reverse split is baked into the price now. Nowhere to go but up from here. Where do you all think they easily push the price to when there is only a whopping 1.4 MILLION shares in the outstanding share count with the hundreds of millions of dollars of projected TDS revenues on the books???? Open your eyes folks before it's too late!
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