First day new symbol? It should go back to being VYEY this Friday.
Not sure what happened at about 12:30.
Reverse Split
R/S are more or less window dressing for a stock. If memory serves me correct, Victory said that they were doing a reverse split b/c specific investors/financers advised them to do to reduce price volatility and attract new financing. Victory is looking for additional financing in order to expand their portfolio.
IMO FWIW
The A/S is being raised to 50M from 10M, and 47.5M is for common stock (2.5M for preferred). Some of the common stock is being issued to the company officers. Biggers gets 1.5M and an additional 125k/month for 24 months. I'm thinking that they seek to reduce volatility by drastically reducing the float, or freely tradable shares in the market. Let's hope that the float stays very low. A good PR with a low float will drive the PPS high pretty quickly. I wouldn't expect any PRs until after Thursday. I'm NOT saying that there is going to be one anytime soon.
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