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Posted On: 02/17/2024 9:39:44 AM
Post# of 12996
There is one Hail Mary left,
Tuesday morning the stock will open with 250,000 shares in the OS.
If financing news and closing of the property comes before dilution, there is still a probability of profit. A hundred dollar stock price (2.5 cents before RS) will be 25,000,000 market cap.
If the RS was done to make room for the new tenants (the lender(s) ) then that is still possible.
If the RS was done to raise money and dilution starts it looks like we go home with empty nets.
Best of luck.
Now before any one chimes in a point to consider if SNPW remains above $5.00 with significant news a whole difference class of money will have the opportunity to buy.
Tuesday morning the stock will open with 250,000 shares in the OS.
If financing news and closing of the property comes before dilution, there is still a probability of profit. A hundred dollar stock price (2.5 cents before RS) will be 25,000,000 market cap.
If the RS was done to make room for the new tenants (the lender(s) ) then that is still possible.
If the RS was done to raise money and dilution starts it looks like we go home with empty nets.
Best of luck.
Now before any one chimes in a point to consider if SNPW remains above $5.00 with significant news a whole difference class of money will have the opportunity to buy.
Quote:
The '$5 Threshold' Trading Strategy Explained Stocks that trade below $5 are considered so risky that institutional investors, including pensions and mutual funds, aren't allowed to buy penny stocks and can even be required to sell securities that fall below the $5 mark
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