RR, you may not have seen my older posts concernin
Post# of 3605
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Posted On: 03/27/2017 4:11:56 PM
Re: Ridge_Runner #2170
RR, you may not have seen my older posts concerning a RS. My thought on that is that GC wants to get his stock off the pink sheets and on a higher listing. To do that, the SP has to be above $5 for a specified period of time. The maximum RS ratio authorized is 1 for 200. That said, a RS would not obtain the $5 SP objective unless/until the current SP reaches $0.025 a share. A single 10Q report showing positive cash flow would, IMO, achieve that.
What I'm saying is that a RS is more likely to occur as the SP goes up than when it goes down. If a RS were to occur when the SP is lower, how much lower would it have to get?
IMO, if this stock ever takes off, it will do so at a pace where, under the above scenario, a RS will not be necessary.
What I'm saying is that a RS is more likely to occur as the SP goes up than when it goes down. If a RS were to occur when the SP is lower, how much lower would it have to get?
IMO, if this stock ever takes off, it will do so at a pace where, under the above scenario, a RS will not be necessary.
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