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Bruinfan4ever

06/24/22 5:06 PM

#11118 RE: Patient Invester #11117

Simply not true. Look at Signing Machine MICS. They did a reverse split to 4.00 and it temporarily dropped to under 3.00. Now it's almost 8.00.

It still comes down to the same. Can WTER generate a profit? If it can't it's going under anyway. It doesn't matter reverse split or not.

1vman

06/24/22 7:25 PM

#11119 RE: Patient Invester #11117

*****Agreed ! Almost 99% of the time it's very bad for a company to reverse split , current investors will get wiped out

Usually there's an initial run up in pps but it almost always drops under pre split levels in which shareholders incur more losses

This company is TOAST in my opinion

CEOs greed and INCOMPETENCE destroyed this promising company IMO