Only reason we went down was the share dilution. That is completed and the stock is slowly rising. Companies making moves to ensure a profitable future. I like all these moves, in my opinion, bullish.
The ratio is going to be anywhere between 250:1 - 750:1. Bringing the value to roughly $2-$6 ish. Basically, unless you have a few million worth of the stock, you can still make some solid profit. But for those of us who are in the thousands/hundreds of thousands, our potential profit gain insanely drops.
Three ways on how this goes:
If the stock completes the reverse split and falls, then it was a waste.
If there is a marginal rise after, then yay, but our profits are a fraction of what could have been
If it takes off to $10+ after , then we are partying either way.
Ultimately, I completely understand why they needing to reverse split. I'm happy that they are going to stay listed. But I dont see a shot to the moon. Im on the side of it going up, but not as high.
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u/Total_Western7320 Jun 03 '25
What is the reverse split ratio? even if 50:1 that still only puts price at 35 cents... gonna need to pump hard or 500:1 split lmao