JK1, thoughts regarding your post outlined below.
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Posted On: 11/18/2024 11:31:52 AM
JK1, thoughts regarding your post outlined below.
Snpw stock is down over 50% since the reverse created roughly 1 billion new common shares in February 2024.
Snpw, as a result of the reverse split, has roughly 1billion new shares to use at their discretion. It’s not a matter of how many shares have been used, rather the potential use going forward. Snpw is insolvent, cash poor, delinquent on filings, has reported zero revenue in the last reporting period and enacted a reverse split earlier this year.
Noting the above items, seems plausible that shares could be used going forward. Question is does a market exist for these shares and if so, would the price be attractive to snpw.
Investors Hangout: https://investorshangout.com/post/view?id=673...z8rx1jfFij
My opinions,
Snpw stock is down over 50% since the reverse created roughly 1 billion new common shares in February 2024.
Snpw, as a result of the reverse split, has roughly 1billion new shares to use at their discretion. It’s not a matter of how many shares have been used, rather the potential use going forward. Snpw is insolvent, cash poor, delinquent on filings, has reported zero revenue in the last reporting period and enacted a reverse split earlier this year.
Noting the above items, seems plausible that shares could be used going forward. Question is does a market exist for these shares and if so, would the price be attractive to snpw.
Quote:
"We completed a 4000-to-1 reverse split and want to reassure everyone that none of the shares have been used. All shares remain intact with no dilution. #ReverseSplit #Shareholders"
$SNPW
8:58 PM · Aug 4, 2024
Investors Hangout: https://investorshangout.com/post/view?id=673...z8rx1jfFij
My opinions,
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