Most investors feel "betrayed" or "hurt" so to speak.
Yes, the company is the same but the stock and it's investors are a bit befuddled as to why such a large ratio when fundamentals alone seem to be pointing towards a self growing potential rather than an erronius decision to make it happen.
betrayed, confused, unnecessary, bad timing for r/s, too close to 10k stopping momentum, giving 2 weeks' notice is mistake, bewildered... Lots of things come to mind....
That said company is same, fundamentals are same, yada, yada, yada. Spino
Because a reverse split has a bad stigma attached to it. It's usually the last gasp by by a struggling company. But im with you..and the reason i held is that nothing has really changed. Spongetech is not struggling
I never bought SPNG because of the squeeze.. i didnt even know about at the time i had my first 60k shares. I am continuing to hold because the company hasnt changed. I had planned on holding this stock for years.. and will continue to until i feel the company has really started mismanaging the company.
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