Hey, Frank, I got this 73 Vega. Wanna buy it?
With all due respects, I said this once before, not sure what thread, but I'll repeat it:
There are more rich men in heaven, more camels that have passed through the eye of a needle, more celibate nights in Bill Clinton's life, more Turks married to Greeks, more condoms in the Vatican
THAN THERE ARE ORIGINAL INVESTORS WHO PROFIT AFTER A REVERSE SPLIT.
And a 300 for 1 at that. Yesterday, a typical investor may have had 100,000 shares at .02 = $2,000 Following a 300 for 1 reverse, that individual will have 333 shares valued at what?
And as the stock falls, which it will, it will raise the possibility of another reverse. Don't shagrin, I've seen it happen. If the next one is say just a little old 10 for 1 at .50 and no further erosion occurs after that, then that original share holder will have 33 shares at $5 = $165
That's nearly 92 % erosion in that shareholder value that ole Jack wanted to protect. If it wasn't so sad, it would be laughable. Saudis cut off hands for less.
TG |
