I would not focus on the current share price altho
Post# of 75350
(Total Views: 834)
Posted On: 04/03/2019 12:29:00 PM
I would not focus on the current share price although it is currently heading in the right direction! I had a discussion with someone smarter than me. Here are my take aways:
The post split price per share is simply a new starting point.
From there it can do one of three things, drop, hold steady, or climb.
I can't prove this but the new share structure was probably timed with the Spring Investor's Summit.
What will cause the post split Price per Share to go up? Newly acquired capital from an investor, buying pressure from upcoming distribution news announcements. A combination of the two.
Warning this is speculation: I would not be surprised if they were sitting on big news to release post split. We all know that the pps has NOT moved on good news in the past under the current share structure. (which is about to become history)
With the new share structure in place, a dramatic decrease in outstanding shares, and a much more attractive pps it is very possible that a strong upward trend begins to develop. We are attracting new capital and sitting on a virtual mound of upcoming PRs. We were dead in the water before with 2 Billion outstanding shares. Now we will finally be able to light the rockets and let this thing fly IMHO.
reference post:
53554
Bottom line RMHB is taking the necessary steps to build shareholder value.
The post split price per share is simply a new starting point.
From there it can do one of three things, drop, hold steady, or climb.
I can't prove this but the new share structure was probably timed with the Spring Investor's Summit.
What will cause the post split Price per Share to go up? Newly acquired capital from an investor, buying pressure from upcoming distribution news announcements. A combination of the two.
Warning this is speculation: I would not be surprised if they were sitting on big news to release post split. We all know that the pps has NOT moved on good news in the past under the current share structure. (which is about to become history)
With the new share structure in place, a dramatic decrease in outstanding shares, and a much more attractive pps it is very possible that a strong upward trend begins to develop. We are attracting new capital and sitting on a virtual mound of upcoming PRs. We were dead in the water before with 2 Billion outstanding shares. Now we will finally be able to light the rockets and let this thing fly IMHO.
reference post:
53554
Bottom line RMHB is taking the necessary steps to build shareholder value.
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