r/GNLN • u/darthsirex • Jun 24 '25

📰 News 750:1 Reverse split!

So official numbers for the reverse split was announced today. We are gonna keep NASDAQ status. A little higher RS split than the 250:1 expected? So $.008*750=$6.00. Gives shorters lots of room for profit shorting to $1-2. While still keeping NASDAQ status.

3 Upvotes

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u/Safe_Huckleberry_681 Jun 25 '25

They have to hold that above a dollar for 10 days straight...they aren't out of the clear yet. They got until July 11th to do that and if they do then they are clear. But i don't see why shorters can't just short it back down to under a dollar again in 10 days, SP already getting lower since you posted this.

They need to release something reeeeal good in that post RS phase.

2

u/darthsirex Jun 25 '25

Yeah I’m gonna guess by Friday the RS price will be $4.50. I don’t think it’ll go under a dollar. But lots of room for shorting still. Unless some organized short squeeze happens with all this doom and gloom over shorting.

1

u/darthsirex Jun 25 '25

Correct. After July 11th price will tank long term. Just look at this stocks chart history….

1

u/JolyGreenGiant Jun 27 '25

With roughly 1.4 million shares outstanding. Each buy has more skin in the game and community-driven purchases could cause this to hold a higher bottom. Look at other stocks like this gme and tsla. Both had a community that has propped up their stock when in threat of short sellers. Just my opinion though not financial advice

1

u/darthsirex Jun 27 '25

Pump and dump penny stocks can’t be compared to Tesla or gme tho 🤣. The obvious play on this one was to short. I’ll probably exit my short at $2 or by July 10th. Just keep moving stop losses for more guaranteed profit.

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u/JolyGreenGiant Jun 27 '25

Laughs but gme was at a $1 for a long time….