(Total Views: 293)
Posted On: 09/26/2019 8:58:07 AM
Post# of 36564
Joe, I understand what you are saying here, but also, have to disagree a bit as well.
When the shares were retired, the PR basically said that there would be a benefit to the shareholders and the market would see it in the coming days. So, the 'expectation' was that the market cap would not go down, the shares would be retired and the share price would be around 3.71. 3.71 is a big difference over 2.55. Especially in perception in the market.
While stock prices could go down a bit after, they could have risen as well, pushing the price even higher than 3.71. Come October 29th, we could have even had a better 1:1 dividend split price. Right now, we are sitting at 2.53. and market cap well under the original.
The OTC really messed this up.
When the shares were retired, the PR basically said that there would be a benefit to the shareholders and the market would see it in the coming days. So, the 'expectation' was that the market cap would not go down, the shares would be retired and the share price would be around 3.71. 3.71 is a big difference over 2.55. Especially in perception in the market.
While stock prices could go down a bit after, they could have risen as well, pushing the price even higher than 3.71. Come October 29th, we could have even had a better 1:1 dividend split price. Right now, we are sitting at 2.53. and market cap well under the original.
The OTC really messed this up.
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