(Total Views: 262)
Posted On: 06/13/2019 4:34:06 PM
Post# of 2064
Agree with both posted sentiments -- have been "victim" of a a couple of desperation reverse splits that left me with fewer shares and a share price that quickly dropped back to the pre-reverse price meaning each share was nearly worthless This company is in stronger position but it feels like the CEO is uncertain about upcoming revenue.
Why not let give their bootstrap scenario a chance before going this route? A Reverse fools nobody - fewer outstanding shares but the market cap I feel is more likely to drop than rise.
Others seem to have the opposite view but I wonder if their public sentiment is their actual sentiment.
Nobody wants this to succeed more than me - and same for most or all who're reading this board. That doesn't mean we're blind to the still risky nature of this stock. I think those holding paper certificates are looking at double jeopardy. I'm one of them. Danger from company failure to excecute in profitable form and danger that the certs will never find a brokerage home. Glad I got a good part of my Certs into brokerage before the date Scottrade stopped accepting the Certs in the middle of one shareholder's attempt to move Certs to trading shares - a very abrupt halt that took all of us down together.
MXSG down today but not the real collapse I had feared. Closed at 0.0075 down 16.7%. Could have been worse and it won't surprise me to see "worse" next week.
Why not let give their bootstrap scenario a chance before going this route? A Reverse fools nobody - fewer outstanding shares but the market cap I feel is more likely to drop than rise.
Others seem to have the opposite view but I wonder if their public sentiment is their actual sentiment.
Nobody wants this to succeed more than me - and same for most or all who're reading this board. That doesn't mean we're blind to the still risky nature of this stock. I think those holding paper certificates are looking at double jeopardy. I'm one of them. Danger from company failure to excecute in profitable form and danger that the certs will never find a brokerage home. Glad I got a good part of my Certs into brokerage before the date Scottrade stopped accepting the Certs in the middle of one shareholder's attempt to move Certs to trading shares - a very abrupt halt that took all of us down together.
MXSG down today but not the real collapse I had feared. Closed at 0.0075 down 16.7%. Could have been worse and it won't surprise me to see "worse" next week.
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