The split announcement was nearly a year ago. That created a chance to get some cheapies when things soured as they usually do (and usually should) upon such bearish news. Wish I could say I held out for the ten-bagger, or even doubled or tripled my money, but I bailed in that same month of June 2020 with a meager 40% gain while it was still under a penny. But then that’s how I traded CWNR in the first half of 2020: it was all about flipping the dips and rips with house money. Those early free shares were from the quick pop in Summer of 2019. Did not quite score the top of the candle, just 4.7 cents, but that was a nice ten-bagger that took only 3 months to develop.
Not sure why I was in such a hurry to sell on June 30 of last year. Probably some FUD. Missed out on the quadruple that was there at the beginning of this year and the double to follow. At this point, I would probably wait for the dust to settle from an R/S.* You would think that, in 2021, reverse splits and ticker changes should not still confuse your broker, but they seem to do exactly that. (If you are holding shares through the split, especially in a taxable account, be sure to write down your cost basis. Don’t count on Mr. Schwab, E*trade, or Fidelity to remember it for you.)
Or maybe I am only thinking of ticker changes. Is there also going to be a new ticker? I was thinking they could keep the symbol if they had jumped on the MJ/CBD bandwagon: It could have been called Cannabis World Natural Resources, or something like that.
*That plan would have worked for NCPL (formerly VSTR). Actually a number of stinky pinkies have surprised me post-split and remained worthy of watching and trading. Wish I could say that about NSPX... ugh.
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