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Posted On: 08/05/2024 12:40:26 AM
Post# of 13014
Just read the snpw tweet outlined below on another board. Not sure the message they are trying to convey but here are my thoughts.
The current price is less than $2 - a 50% plus loss in valuation post reverse split. The reverse split has had a disastrous negative impact on shareholder valuation irrespective of no dilution on the almost 1 billion new shares created as a result of the reverse. Contributing factors include:
. Post shareholders were reduced to 250 shares for every million shares owned pre split. It’s just not exciting to hit the home run with such a reduction.
. The mere fact that roughly one billion new shares were created for potential future use is a go forward risk for potential shareholders.
So while the company tweets the below referenced message, it doesn’t mention the already realized 50% price decline post split and does not mitigate the potential future dilution of the recently created almost 1 billion new shares.
"We completed a 4000-to-1 reverse split and want to reassure everyone that none of the shares have been used. All shares remain intact with no dilution. #ReverseSplit #Shareholders"
$SNPW
My opinions.
The current price is less than $2 - a 50% plus loss in valuation post reverse split. The reverse split has had a disastrous negative impact on shareholder valuation irrespective of no dilution on the almost 1 billion new shares created as a result of the reverse. Contributing factors include:
. Post shareholders were reduced to 250 shares for every million shares owned pre split. It’s just not exciting to hit the home run with such a reduction.
. The mere fact that roughly one billion new shares were created for potential future use is a go forward risk for potential shareholders.
So while the company tweets the below referenced message, it doesn’t mention the already realized 50% price decline post split and does not mitigate the potential future dilution of the recently created almost 1 billion new shares.
"We completed a 4000-to-1 reverse split and want to reassure everyone that none of the shares have been used. All shares remain intact with no dilution. #ReverseSplit #Shareholders"
$SNPW
My opinions.
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