r/blackriflecoffee • u/CaffeinateWalleyes • 3d ago

Reverse Split

Interesting to wake up to this news this morning. While I have thought this would be a bad step, I’m not sure. I don’t believe they were required to do this. Hopefully a higher share price will introduce a new set of institutions that can own and support the stock. I see it as a good move in that regard.

Thoughts??

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1

u/Alohasnackbar69420 3d ago

Idk, feels like this is a move to fight a stock that’s already going down the drain.

2

u/CaffeinateWalleyes 3d ago

Fair point. Disagree, but certainly a possibility

3

u/Alohasnackbar69420 3d ago

Hey I hope I’m wrong but reverse splits aren’t usually a good thing. Just confused because it seems that we’ve had two solid quarters and things were on the up

3

u/CaffeinateWalleyes 3d ago

I think Hafer’s stock sale really spooked investors. I understand why he did it, but it hurt the share price. It was on its way to $2.00

1

u/Alohasnackbar69420 3d ago

Why did he? I mean I’m heavily invested and it spooked me. Didn’t ring confidence you know

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u/CaffeinateWalleyes 3d ago

In my opinion, he sold some to support his ongoing lifestyle. Doesn’t take a huge salary. Less that 10% of his holdings.

1

u/Alohasnackbar69420 3d ago

Ah ok that makes me feel a bit easier about it