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Post by promann on Feb 16, 2017 15:53:08 GMT -5
My bet is the first day of the reverse split the SP ends in a positive like maybe 5% another words we do a 10-1 at .50 and we are instantly at 5.00 my guess is we close at around 5.25 that first day. The 2nd day is another story it will probably recende once the excitement is over The "excitement?" Among shorts? No.. This is just my feeling that there will be high volume that day. High volume brings excitement and I expect for the first day a positive ending as I've witnessed in other reverse splits.. Just My feeling like it or not.. |
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Post by mnkdnewb on Feb 16, 2017 15:59:45 GMT -5
The "excitement?" Among shorts? No.. This is just my feeling that there will be high volume that day. High volume brings excitement and I expect for the first day a positive ending as I've witnessed in other reverse splits.. Just My feeling like it or not.. So you are finally accepting that there will be a reverse split now?  |
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Post by promann on Feb 16, 2017 16:06:25 GMT -5
No.. This is just my feeling that there will be high volume that day. High volume brings excitement and I expect for the first day a positive ending as I've witnessed in other reverse splits.. Just My feeling like it or not.. So you are finally accepting that there will be a reverse split now? No I'm not!! Sorry I was hoping no one would get the wrong impression. I still think that getting us approved for the reverse split is so that we will qualify for a 2nd 180 day extension.. But we may still need to do it at some point and if we do thats how I think it will go.. |
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Post by sportsrancho on Feb 16, 2017 16:09:31 GMT -5
So you are finally accepting that there will be a reverse split now? No I'm not!! Sorry I was hoping no one would get the wrong impression. I still think that getting us approved for the reverse split is so that we will qualify for a 2nd 180 day extension.. But we may still need to do it at some point and if we do thats how I think it will go.. Do you think if we get the extension the stock will pop? How much of the RS is priced it? |
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Post by mnkdnewb on Feb 16, 2017 16:10:58 GMT -5
So you are finally accepting that there will be a reverse split now? No I'm not!! Sorry I was hoping no one would get the wrong impression. I still think that getting us approved for the reverse split is so that we will qualify for a 2nd 180 day extension.. But we may still need to do it at some point and if we do thats how I think it will go.. I read the 14k (I think that's what it was) and to me it looked like the vote, if approved, would be effective immediately. Did I read it wrong? |
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Post by mnkdnewb on Feb 16, 2017 16:13:36 GMT -5
No I'm not!! Sorry I was hoping no one would get the wrong impression. I still think that getting us approved for the reverse split is so that we will qualify for a 2nd 180 day extension.. But we may still need to do it at some point and if we do thats how I think it will go.. Do you think if we get the extension the stock will pop? How much of the RS is priced it? I honestly think IF we do not do a r/s even because of an extension the sp will be hammered even harder causing a higher split ratio - 1:20 for example to get to $5 pps |
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Post by sportsrancho on Feb 16, 2017 16:17:10 GMT -5
Do you think if we get the extension the stock will pop? How much of the RS is priced it? I honestly think IF we do not do a r/s even because of an extension the sp will be hammered even harder causing a higher split ratio - 1:20 for example to get to $5 pps Meaning because we'd have to do the split later anyway? |
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Post by cretin11 on Feb 16, 2017 16:24:05 GMT -5
Some bizarre statements/predictions being made on this thread...
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Post by babaoriley on Feb 16, 2017 16:47:59 GMT -5
"Our only hope is a lot of new scripts on March 3. IMO"
Say it ain't so, Sports, come March 4, we'll have new reasons to cling to optimism!
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Post by mnholdem on Feb 16, 2017 17:23:58 GMT -5
A site I found explaining reverse stock splits says that NASDAQ requires a minimum of 15 days advance notice before the split takes effect and charges a $7,500 fee. The company must indicate in its notice whether the split was voted on and approved by shareholders or a vote of the company board. The United States Securities and Exchange Commission, which oversees corporate stock activity, indicates that shareholder approval is not required for a reverse stock split, but companies can instead notify shareholders of the move on its 8-K, 10-Q and 10-K form filings.
If that's true, then my preference would be to wait to make a buy decision until then. If sales pickup and share price is on the rise, it's possible that a rally would continue even after a RS. The opposite holds true as well. So I would wait and see how our sales force performs.
That's what I'm planning to use as my strategy.
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Post by rockstarrick on Feb 16, 2017 17:26:49 GMT -5
Maybe I'm wrong, but I took it to mean that having that few of shares was what made twib light years ahead... meaning the losses were much less significant. The fact that barboriley liked your comment I would say you are correct. I would think I'm sitting on the low end of shareholders with a few more than 5000 shares. My hedge is the shares I trade around my core, not short, just not completely long, I hope that doesn't mean I'm bi-sexual or something. 😳 |
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Post by sportsrancho on Feb 16, 2017 17:38:57 GMT -5
Maybe I'm wrong, but I took it to mean that having that few of shares was what made twib light years ahead... meaning the losses were much less significant. The fact that barboriley liked your comment I would say you are correct. I would think I'm sitting on the low end of shareholders with a few more than 5000 shares. My hedge is the shares I trade around my core, not short, just not completely long, I hope that doesn't mean I'm bi-sexual or something. 😳 That's ok, you'll always be a RockStar! |
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Post by wmdhunt on Feb 16, 2017 18:56:17 GMT -5
Probably being stupid, but, I am dreaming of a R/S, after which the scripts move way up, the share price improves greatly, and the Board votes a big split to bring die hard supporters back to happiness and prosperity. Yeah, probably being stupid. Well, not the first nor likely, the last time.
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Post by anderson on Feb 16, 2017 20:08:45 GMT -5
Do you think if we get the extension the stock will pop? How much of the RS is priced it? I honestly think IF we do not do a r/s even because of an extension the sp will be hammered even harder causing a higher split ratio - 1:20 for example to get to $5 pps This reverse split is to keep the share price over $1 for 10 consecutive days. People fixating on the $5 pps so that funds can buy the stock are barking up the wrong tree. |
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Post by mnkdnewb on Feb 16, 2017 20:12:14 GMT -5
I honestly think IF we do not do a r/s even because of an extension the sp will be hammered even harder causing a higher split ratio - 1:20 for example to get to $5 pps This reverse split is to keep the share price over $1 for 10 consecutive days. People fixating on the $5 pps so that funds can buy the stock are barking up the wrong tree. Agree completely. I think they'll shoot for around $5 so that it can be heavily diluted and they will still be in compliance for a while |
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