absolutely not, I'm trying to refute others' claims that this stock is flying to the moon and to buy and hold is a promise of riches. It is not for obvious reasons. But a stock that can't trade due to limited shares and overvalued price will not have the benefit you wish or claim.
With financials in the negative earnings per share any outside investor looking to purchase shares will move on to a more fluid company. 99 dollars a share???? This becomes a very expensive gamble not many are willing to take. There is a huge difference between 30 cents and 99 dollars per share.
So let Mr Lenfest keep 90.1 percent of the outstanding shares, that in itself does nothing for you the common shareholder. Supply and Demand dynamics do not relate to a stock that no one wants. No traders will buy as you can't sell them for these prices. Stock prices go up because of the trades not because everyone is holding. Easier to buy Microsoft, AT&T or any other stock that actually pays a dividend and has increased in value most years and they are cheaper to buy. The reverse split did absolutely nothing for the investor. But does make it much easier to go private or sell to another with limited shares.
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