Replies to post #7474 on Foxo Technologies Inc (FOXO)

[satter]

This is so entertaining. The winds of change. The divine timing. You notice as I said he won't answer it. He did not.

He can never answer you with any logical answer. If he does reply, he will with something stupid that won't be an answer. The reason is because achieving a share price of $0.01 without a reverse split while having 25,000,000,000 authorized shares is mathematically implausible.

Instead he blew smoke up you know what. Because he has no answer.

Why did they raise the AS?

Sure t's a strategic move for a big run, but the truth is he had no other legal move left.

More smoke being blown you no where.

Surely you are familiar with the stocks that went from trips to dimes and dollar a few years ago, many with with massive AS strucutres to boot?

For every 1-in-a-million "trips to dollars" story, there are a thousand companies that used a massive AS (Authorized Share) structure to simply dilute their way into bankruptcy.

The stocks that made those legendary runs usually had a low float or were "shell clean." FOXO is the exact opposite.