Disco, I believe it is to 1) Make the share structure look more appealing to prospective investors, 2) Make shares harder to come by, harder to play with. 3) Possibly make an uplist in the future.
Again, an r/s by itself is pretty meaningless. For those who worry about the pps being walked down after r/s just take a look at the 2 year chart and how it the pps has been walked down. So you'd START to worry now because of the r/s????? Are you going to say that the r/s began the selloff????
Buy and hold will win the race. Plus post-r/s .... again .... gives us a more attractive share structure. I don't know too many investors outside of pennyland, especially with big money, that would want to invest in a company with 1.79 billion shares with pps of .003.
The company diluted because they had to. Ultraflix now has quality content and is set up for the future in my opinion. Now, it is time to make the share structure reasonable to a future investor.
Does an r/s by itself hurt us? No. If Apple did an r/s would it hurt them? No.
Now, this is my first penny investment. Some may have had penny investments before that turned out to be BS companies ... maybe they are no longer operating so you worry. NTEK is a real company with a future. An r/s is no desperation, it is strategy and comfortably.
Edit: had to add this: I mentioned this in a prior post. Imagine if the pps was walked down post r/s WHILE the money was rolling in for NTEK. Then a buyback would be so potentially dangerous for shorts with fewer shares available.
Again, an r/s by itself is pretty meaningless. For those who worry about the pps being walked down after r/s just take a look at the 2 year chart and how it the pps has been walked down. So you'd START to worry now because of the r/s????? Are you going to say that the r/s began the selloff????
Buy and hold will win the race. Plus post-r/s .... again .... gives us a more attractive share structure. I don't know too many investors outside of pennyland, especially with big money, that would want to invest in a company with 1.79 billion shares with pps of .003.
The company diluted because they had to. Ultraflix now has quality content and is set up for the future in my opinion. Now, it is time to make the share structure reasonable to a future investor.
Does an r/s by itself hurt us? No. If Apple did an r/s would it hurt them? No.
Now, this is my first penny investment. Some may have had penny investments before that turned out to be BS companies ... maybe they are no longer operating so you worry. NTEK is a real company with a future. An r/s is no desperation, it is strategy and comfortably.
Edit: had to add this: I mentioned this in a prior post. Imagine if the pps was walked down post r/s WHILE the money was rolling in for NTEK. Then a buyback would be so potentially dangerous for shorts with fewer shares available.
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