(Total Views: 109)
Posted On: 12/13/2024 7:25:44 PM
Post# of 13601
Funny stuff. Snpw stock is down over 50% since the reverse split in February.
The reverse split added 1 billion new shares to the authorized. Just think, 1 billion new shares to use at the discretion of snpw. And they are talking no dilution since the reverse. Seriously, do they not think the market has a forward looking concern on the potential future use. With roughly 250k shares in the current float it sure wouldn’t take much use of the new shares to be issued to represent significant dilution. This is the concern, not that they haven’t used any in the first 10 months, rather what is the go forward issue of use.
"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
8:58 PM · Aug 4, 2024
Investors Hangout: https://investorshangout.com/post/view?id=673...z8uL5rJ39D
The reverse split added 1 billion new shares to the authorized. Just think, 1 billion new shares to use at the discretion of snpw. And they are talking no dilution since the reverse. Seriously, do they not think the market has a forward looking concern on the potential future use. With roughly 250k shares in the current float it sure wouldn’t take much use of the new shares to be issued to represent significant dilution. This is the concern, not that they haven’t used any in the first 10 months, rather what is the go forward issue of use.
"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
8:58 PM · Aug 4, 2024
Investors Hangout: https://investorshangout.com/post/view?id=673...z8uL5rJ39D
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