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Posted On: 08/05/2024 11:04:19 PM
Post# of 13014
Nice that snpw reassured everyone that none of the almost 1 billion new shares resulting from the reverse split have been used/diluted. See tweet below.
The bad news is that the share price is down over 50% post reverse split - down from the post split price of $4 to currently under $2.
Could the significant decline in price post split be a result of the reverse split. I think so. The reverse resulted in for every 1m shares held pre split the holder received 250 shares post split. Could be holders sold due to the small share count post split. And with none of the newly created almost 1 billion shares used the potential for future use/dilution exist.
"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 bad news is that the share price is down over 50% post reverse split - down from the post split price of $4 to currently under $2.
Could the significant decline in price post split be a result of the reverse split. I think so. The reverse resulted in for every 1m shares held pre split the holder received 250 shares post split. Could be holders sold due to the small share count post split. And with none of the newly created almost 1 billion shares used the potential for future use/dilution exist.
"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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