i know its not a pink. Im using that as the chatter as the RS and its reasoning wont get any more attention to it than the loose governing rules that apply to penny stocks. Many dont realize penny stocks are actually considered anything under $5 a share. So I didnt want it confused, as many know of many stocks most wouldnt think of as penny stocks, like SIRI for example. If you talk OTC or pinks its what most grasp in general thinking. So I was trying to get across why MSLP would RS into 4.69 post split price when that doesnt gain anything but a larger just off the NASDAQ requirement had that been their plan. 850 suck for a RS but if already that high, and not higher for that $5 pps minimum, it brings into more question exactly what are this guys thinking, and whos giving them this advice? Yes its not a pink, but I would have thought the thinking process would have been Nasdaq as the next logical planning move. Some who will read this will see for the first time that a $4.99 stock is still a penny stock.
So any RS protection to current holders isnt there. But mostly why I dont get it, is the $4.69 post split price. If for uplisting they spilt to just under where most institutions wont buy anything under $5. So they wont meet min requirements for NASDAQ, and they just came under any real institutional investing. So the $4.69 to mean only means a high RS with that much more room to drop and hurt current holders. In all my years experience, I find zero benefit of this split level. It just looks to me that in any and every book on how to do things, they do the exact opposite and do things like a split that just misses $5 that opens a lot more opportunities to now a larger fall back to below a dollar where some may gamble again. Thats all
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