Originally posted by el3388
Originally posted by kenjikool
Simples really. I'll be selling out tomorrow and then when all your shares sit around 75c then down to 65c through pretend partnerships, I'll buy back in at the first cr at 55c for there buddies. Then the 2nd time when their buddies sell at 65c after they rought more out of the small investors. Glta with that sheet. If i wanted to invest in a comp at that price range i would have.
Originally posted by Jeniycyang
Well, like someone mentioned earlier it’s like a cosmetic thing, to make it look better on paper if they were to do further crs. Say they were to give a 30% discount again to the instos etc on the current sp that would send it down to 2c for sure. That’s a very bad look on the price obviously. But if you consolidate it now, it becomes obviously 75c so when they go to do a cr , a 30% discount makes it 52.5c, looks better than 2c right? But hey, the original investors are again worse off with the sp as well as further dilution. And if they do that a couple times more... I have never words...
Dont get the fuss surrounding this supposed up coming CR after the reverse split (will be done above 4c/$1 when it comes IMO)... if the CR is coming it is coming REGARDLESS of whether there is a reverse split or not and the discount given to instos/sophs will effectively be the same REGARDLESS of the reverse split...share price is irrelevant, its market cap and % ownership everyone should be interested in...risk vs reward has not changed.
Yes, yes we all know its about market cap but the "LEVERAGE" will be stripped out 0f it...
For anyone hoping in a 5 years to have a share price of $2 with a market cap of 3B will now need the share price to be $66 for a market cap of 3B but you can bet there will again be a lot of dilution before that happens
I would need the share price to be about 1.22 to break even at that rate there are people who need it to be much higher still.
I haven't been worried about being down 40% because it would take bugger all for that to change atm, not so easy after that kind of consolidation so yes the risk vs reward is changed
because this can still be manipulated down big time until any revenue comes in which is a while away and the way things have gone why would the games change.
I do believe Weebit is the real deal but will a tighter held registry get us to those kind of $???
(20min delay)
