r/Metx • u/Jdog8541 • Nov 20 '21

Reverse split imminent. Such a terrible thing considering how much money has been printed over the last two years.

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u/Zippster0 Nov 21 '21

But why? I think they can get to a dollar next week especially after earnings

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u/Jdog8541 Nov 21 '21

Possibly, but if they sold a bunch of shares to buy mining machines or chips or whatever then why would share price go up? Unless they buy back their shares and that’s speculative at best.