The "not even a possibility" Reverse Split damage
Post# of 12452
(Total Views: 190)
Posted On: 01/24/2023 8:21:56 PM
The "not even a possibility" Reverse Split damage has been done.
Nobody gets rewarded, nor any respect, for waiving an option to impose a 100:1 to 1000:1 reverse split after hanging it over shareholders' heads for 11 months. Especially, when the company tweets "it is not even possible" only a few months after approving the same 100:1 to 1000:1 Reverse Split. Nobody does that...nobody.
Today's stock activity only proved the damage has already been done. The game-playing is over. Maybe that's why more shares sold today than were bought despite a 9:35am (market opening) 8-K release.
Q3 2022 financials were as bad as they could get. That's the scorecard...not approving and canceling Reverse Splits every 9 to 12 months over the past 3 years. Nobody does that.
No Foxess or PT.IDN products being shipped for over 8 months, no revenue in sight ($1,200 in accounts receivables) and no assets (collateral) remaining. Then the stuff being listed as for sale, on Twitter page, but not listed on the company website (i.e. light towers and solar bus shelters). Nobody does that.
Good news is the waving the RS option is just enough koolade to keep some on the edge of their seats waiting for some loan for another 2-3 months. I'm waiting on the next best promo to make it through Q1 2023 and before the 2022 10-K (with Q4 revenue) and 2023 Q1 10-Q come out in May.
Maybe keep in mind the company doesn't need a Reverse Split if it can also authorize another 1/2 billion or billion shares at the stroke of pen.
in my humble opinion
cheers
Nobody gets rewarded, nor any respect, for waiving an option to impose a 100:1 to 1000:1 reverse split after hanging it over shareholders' heads for 11 months. Especially, when the company tweets "it is not even possible" only a few months after approving the same 100:1 to 1000:1 Reverse Split. Nobody does that...nobody.
Today's stock activity only proved the damage has already been done. The game-playing is over. Maybe that's why more shares sold today than were bought despite a 9:35am (market opening) 8-K release.
Q3 2022 financials were as bad as they could get. That's the scorecard...not approving and canceling Reverse Splits every 9 to 12 months over the past 3 years. Nobody does that.
No Foxess or PT.IDN products being shipped for over 8 months, no revenue in sight ($1,200 in accounts receivables) and no assets (collateral) remaining. Then the stuff being listed as for sale, on Twitter page, but not listed on the company website (i.e. light towers and solar bus shelters). Nobody does that.
Good news is the waving the RS option is just enough koolade to keep some on the edge of their seats waiting for some loan for another 2-3 months. I'm waiting on the next best promo to make it through Q1 2023 and before the 2022 10-K (with Q4 revenue) and 2023 Q1 10-Q come out in May.
Maybe keep in mind the company doesn't need a Reverse Split if it can also authorize another 1/2 billion or billion shares at the stroke of pen.
in my humble opinion
cheers
(0)
(0)Sun Pacific Holding Corp. (SNPW) Stock Research Links
Scroll down for more posts ▼