Originally posted by FoxyInvest
Artificially inflate the SP! AYFS?
The artificially inflated SP is up almost 100% since the consolidation! In my mind that constitutes a doubling of the MC which is the measure everyone should use!
Yes, because after the reverse-split you had all the Motley Fool articles, the * articles, the Equity Story articles, all start pumping the stock with headlines such as:
Why the Bidenergy Ltd share price is going absolutely gangbusters
The Bidenergy Ltd (ASX: BID) share price has gone from just a couple of cents this time last year to a record high of $1.40 today, meaning anyone who paid 5 cents for the shares on Jan 10 2018 has made 28x their investment in just one year.
https://www.fool.com.au/2019/01/07/...-share-price-is-going-absolutely-gangbusters/
Conveniently the article doesn't mention the reverse-split at any point.
Enjoy it while it lasts. The stock is inflated with dumb-money and mum-and-dad investors. This will get ugly.