IBIO down bigly today. Just a few pennies away fro
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(Total Views: 291)
Posted On: 07/14/2022 10:22:39 AM
IBIO down bigly today. Just a few pennies away from getting delisted off the exchange by my calculations. Maybe someone with deep pockets could prop up this one too?
$0.245-0.0062 (-2.47%)
Bid x Size
$0.245 x 37,700
Ask x Size
$0.249 x 4,200
That potential for 35x dilution is punishing. High prices C-Level team will use it. Not doubt in my mind. The huge reverse split was in the works for years and finally got approved. The no reduction of authorized shares is a windfall for the company. Maybe they will see that it's scaring off institutions and investors right and left and voluntarily do something about it. I give them permission to use my idea.
I've only been following this stock for a week and it sure took a dump.
I think of it this way...
I just saved 8 years of my life and can go enjoy with the money I didn't lose on this one.
$0.245-0.0062 (-2.47%)
Bid x Size
$0.245 x 37,700
Ask x Size
$0.249 x 4,200
That potential for 35x dilution is punishing. High prices C-Level team will use it. Not doubt in my mind. The huge reverse split was in the works for years and finally got approved. The no reduction of authorized shares is a windfall for the company. Maybe they will see that it's scaring off institutions and investors right and left and voluntarily do something about it. I give them permission to use my idea.
I've only been following this stock for a week and it sure took a dump.
I think of it this way...
I just saved 8 years of my life and can go enjoy with the money I didn't lose on this one.
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