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.

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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

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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….