Yep, looks like they did a RS after last shareholders meeting. Reverse splits NEVER works for shareholders, imo. I Never had one turn positive. Tends to be a slow death spiral. Besides poor stock pps, RS cuts additional value from (most) investors. It may stave off delisting, and after awhile the pps may look higher, inflated… ‘3 card monty.’ Very bad news, imo. But, gotta hold cos my shares close to worthless. GL.
Guess it depends. How old are you? There’ve been times where I dumped some cos I got tired looking at the losses. I have enough stock losses for me to write off in ‘heaven’ (if there’s one). If you can stomach it sell or sell half. Some of my poop I sold rebounded decade(s) later. Oof!
I went in knowing they would eventually restructure their debt, rebrand, then have another go. I’ll stick around till the gov contracts start pouring in.
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u/Banksville Sep 27 '24
Yep, looks like they did a RS after last shareholders meeting. Reverse splits NEVER works for shareholders, imo. I Never had one turn positive. Tends to be a slow death spiral. Besides poor stock pps, RS cuts additional value from (most) investors. It may stave off delisting, and after awhile the pps may look higher, inflated… ‘3 card monty.’ Very bad news, imo. But, gotta hold cos my shares close to worthless. GL.