News Focus
News Focus
icon url

trader59

12/10/21 1:09 PM

#53302 RE: Ambro24 #53298

Holding through a reverse split and a debut on NASDAQ is a bad investment strategy. The stock always trades lower than on the OTC and lower than the offering price on the stock units that got them uplisted. Always. This one offered a share of stock and a free-trading warrant for what, $6? Stock was trading at around a buck higher than that just prior. You could see it coming, the underwriter's clients were going to sell both and make money for themselves. Then all your left with is a fledgling company on NASDAQ where genuine due diligence is done, fluffy PR's need not apply.

They aren't doing a buy back. That would be a stupid business decision right after an offering and uplisting. Nobody invests in companies that make stupid decisions.