CCash, re DWVS
Stock has been all over the place today. Saw it as low as .18 X .185 at one point. Not sure why someone would sell there when they could easily sell at .23-.25. But I was happy to buy more under .20.
Some people may not like the planned reverse split. I think it will prove to be a great move as the 56M shares O/S is kind of high for most investors. If they do a 1-for-5 split with the stock at .20...it would bring shares O/S down to 11M, stock would trade at $1, and the company would have earned nearly .05/share last quarter (minus 1-time item) on 69% revenue growth.
There may be an opportunity to buy on a quick dip after the reverse. Of course, I was waiting for this on IPII and it never happened. Plus DWVS should have a very favorable Q1 comp coming up within 2 weeks.
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