this is all fine and dandy but lets be honest if you have 7 reverse splits the stock price will not continue to go up. The market has a negative viewpoint of r/s no matter how small they are. If you have 7 of them there is no way any of us will be able to make money with out current shares. We will have to average down as the ceo says. I guess this ceo expects us to have a limitless amount of money to invest into the company and not only that he expects us to continue to risk our hard earned money through these 7 r/s.
7 reverse splits of 5/3 each time.
The thing is if you have 1 million shares right now that would leave you with
roughly 28000 shares.
But the os would still be 123,171,840 shares.
In other words probably not low enough to get to the $3.00 range that he is hoping for.
In fact not even close.
With our current market value of around 30 million dollars. The pps would be 0.2436
So in other words unless some kind of buy back goes along with the r/s this 3 dollar is a fantasy. If he wants 3 dollars either we need a 10 million float or our market value has to increase to around 400 million. I think both are ridiculous as of right now. I also don't get what is the hurry to rush onto this big board. In the end the current shareholders will be used as stepping stones.
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