I don’t expect much more than what we see right
Post# of 2057
(Total Views: 193)
Posted On: 07/09/2019 11:12:42 AM
I don’t expect much more than what we see right now. .007-.015 range. Depending on the size of the pour, we might see a run to .03-.05
If it’s small or delayed, it’s probably back to sub penny. One would have to think that many of the shareholders who hold non-cert shares will be looking to dump some or all of those shares before a possible reverse split. After all this is the OTC.
There has to be buyers and in my opinion that R/S threat is like an anchor hanging around the necks of anyone who was hoping to make some profit on a run. Where will the buyers come from who are needed to produce volume to fuel a run? Many if not most stock buyers would not touch a stock in this situation. It’s safer to wait til after the split and wait for a drop which unfortunately usually happens.
The timing of the split filing was unbelievably bad for us. I’ve read some posts on the other Iboard about how a 10 for 1 or a 20 for 1 r/s would be good for the stock. If you had 1 million shares you bought , why would you suddenly be happy about only having 100,000 or 50,000 shares left? So many who bought into the last run to .23 are already upside down if they bought shares above .03 believing in the MarMar story, which turned out to be false.
The vast majority of reverse splits do not go on a run afterwards. The stock usually gets immediately diluted, and It’s pretty obvious that Mexus is broke and will need much more money than one good pour or even two, to get back on it’s feet, which means needing financing which means instant dilution. They have a note due at the end of August that will require over 100K just like the last one did.
I’m hoping to see a great pour, and if we can string together a few good pours, then .10 or higher is not out of the question, but people have to be realistic towards the situation we are in.
It’s not the first time we have been this close. Good luck to all.
If it’s small or delayed, it’s probably back to sub penny. One would have to think that many of the shareholders who hold non-cert shares will be looking to dump some or all of those shares before a possible reverse split. After all this is the OTC.
There has to be buyers and in my opinion that R/S threat is like an anchor hanging around the necks of anyone who was hoping to make some profit on a run. Where will the buyers come from who are needed to produce volume to fuel a run? Many if not most stock buyers would not touch a stock in this situation. It’s safer to wait til after the split and wait for a drop which unfortunately usually happens.
The timing of the split filing was unbelievably bad for us. I’ve read some posts on the other Iboard about how a 10 for 1 or a 20 for 1 r/s would be good for the stock. If you had 1 million shares you bought , why would you suddenly be happy about only having 100,000 or 50,000 shares left? So many who bought into the last run to .23 are already upside down if they bought shares above .03 believing in the MarMar story, which turned out to be false.
The vast majority of reverse splits do not go on a run afterwards. The stock usually gets immediately diluted, and It’s pretty obvious that Mexus is broke and will need much more money than one good pour or even two, to get back on it’s feet, which means needing financing which means instant dilution. They have a note due at the end of August that will require over 100K just like the last one did.
I’m hoping to see a great pour, and if we can string together a few good pours, then .10 or higher is not out of the question, but people have to be realistic towards the situation we are in.
It’s not the first time we have been this close. Good luck to all.
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