Here's an exercise: Go to tradingview.com, and pul
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Posted On: 09/05/2024 7:36:04 AM
Here's an exercise: Go to tradingview.com, and pull up the chart for VERB.
Select the 1M (1 month) timeframe and scroll all the way back to the 'beginning of time' (2014)
You'll see that the all time high price is $1,824.
We all know that Verb never hit that price. But reverse splits are retroactive in affecting price history, so everything gets adjusted to the split ratio.
So what anyone new sees when they pull up Verb is a stock that was once nearly $2000/share now trading at under $0.10/share. And that all time high price will be exponentially higher after another reverse split.
That's exactly why the knuckleheads on Stocktwits talk about how Verb has lost 99% of its value, except they are blaming it on Rory and bad management, when in reality, it's just the company having been backed into a corner by the same institutions that pay those idiots to slander and defame people in Rory's position.
Reverse splits help the enemy. When something is 7 cents, you can't very well short it all the way to 0. But when something is $5, you can short it to 7 cents and make millions in the process.
And after they've made their money, the ultimate goal is to force the company to delist, so they can never be made to buy back the shares because they're no longer in existence.
Select the 1M (1 month) timeframe and scroll all the way back to the 'beginning of time' (2014)
You'll see that the all time high price is $1,824.
We all know that Verb never hit that price. But reverse splits are retroactive in affecting price history, so everything gets adjusted to the split ratio.
So what anyone new sees when they pull up Verb is a stock that was once nearly $2000/share now trading at under $0.10/share. And that all time high price will be exponentially higher after another reverse split.
That's exactly why the knuckleheads on Stocktwits talk about how Verb has lost 99% of its value, except they are blaming it on Rory and bad management, when in reality, it's just the company having been backed into a corner by the same institutions that pay those idiots to slander and defame people in Rory's position.
Reverse splits help the enemy. When something is 7 cents, you can't very well short it all the way to 0. But when something is $5, you can short it to 7 cents and make millions in the process.
And after they've made their money, the ultimate goal is to force the company to delist, so they can never be made to buy back the shares because they're no longer in existence.
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