What the 4/1 reverse means to a small time investor like myself:
Buy FAMH at .28 with $3000=8400 shares
The price goes up consistently but very SLOWLY to .60.
I don't believe the price would reach $2.00 as a BB stock by year end.
Maybe,maybe not.
At $2.00 a share,my 8400 shares are worth $16,800.(Again,I don't believe it would happen)
Post merger I have 2100 shares, but a new investor at $2.00 a share x the original $3000 would only get 1500 shares. I am 600 shares richer than him.
At $9.00 a share, my 2100 shares are worth $18,900.
I am not unhappy, but most of all I am no longer concerned about the investors who bought 100,000 shares at .28. At $9.00 a share, a sell would mean FAMH forking out $900,000 for each sell causing great financial stress to the company and extreme volatility to the price. And I know there are many SI people who own that many.
I think I am older than most on this thread,and my advanced age has taught me there are no get rich quick schemes that work out there. So, at $9.00 a share,my original 8400 shares would be worth $75,600, but again I don't believe this would have happened as a BB stock. I'm happier with a fairly valued stock than a pipe dream.
I believe the stock will be worth at least $20.00 a share,making my original $3000 worth $42,000. Ira can afford to pay me,FAMH continues to grow, and I start looking for the next potential BB stock.
All right LE(who I believe is very young),tear this argument up.
Priscilla |
