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Posted On: 03/23/2019 9:57:42 AM
Post# of 75444
I'm right with on buying more. Especially if the stock heads downward Monday as people throw in the towel and give up.
I'm just wondering about the timing of the Reverse Split. It's supposed to happen on April 3. Isn't the official announcement of a National deal due a few days before that?
If so, the stock could be over one cent when the split happens.
For example, if the stock is at 015 when it splits, the new SP price would be thirty cents and not twenty cents. It follows then that if stocks are bought next week at .0055 or .0062, or anywhere down there, it would seem like a bargain price.
Did I read the 8k right when it said the split is going to be done at one cent? The price today or Monday or next Friday has no bearing on anything. A stock splits at the price it sits at on the scheduled day for it to happen.
Just because the stock closed at .0068 on Friday does not mean that is the split price 11 days from now.
I'm open to correction on this........
I'm just wondering about the timing of the Reverse Split. It's supposed to happen on April 3. Isn't the official announcement of a National deal due a few days before that?
If so, the stock could be over one cent when the split happens.
For example, if the stock is at 015 when it splits, the new SP price would be thirty cents and not twenty cents. It follows then that if stocks are bought next week at .0055 or .0062, or anywhere down there, it would seem like a bargain price.
Did I read the 8k right when it said the split is going to be done at one cent? The price today or Monday or next Friday has no bearing on anything. A stock splits at the price it sits at on the scheduled day for it to happen.
Just because the stock closed at .0068 on Friday does not mean that is the split price 11 days from now.
I'm open to correction on this........
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