Im not seeing why half of you are so afraid of a reverse split. Can anybody tell me why exactly you're against it? And for the love of hayzoos PLEASE BACK IT UP WITH FACTS!
Why are you discussing a reverse split? Is there soemthing that leads you to believe one will happen? I would say no. Of course your typical comments are such that you want to look at hypotheticals. Until I hear a reverse split is a possibility, there really is no need to discuss. I actually could state what will the PE be if we do 20 million in profit next year??? Again a hypothetical.
Nothing leads me to believe one will be done, but it would be beneficial. My concern is why everyone is so afraid of the possibility of an R/S. It, if anything, would be beneficial long term. So for anyone who claims to be a "long," here, needs to understand that a reverse split if anything is only a negative impact at first (if at all), and very beneficial to them. Reverse splits only *tend* to bring down a stock price because it is often an act of desperation in order to remain listed on a board (such as $1 for NASDAQ). In this case, we are already on the lowest board. A reverse split here is beneficial if anything, because it shows that the company is looking to advance a board.
Also, if the company did 20mil in profit, the PE would actually become closer to normal. If anything, that's the type of profit numbers we need
dgpriebe, that is a possibility. Wallach has mentioned that a couple of times in the past two years. Not once- but twice(that I know of). It may be a long shot but definitely not impossible. Waiting for that acquisition that would require his shares. He is willing.
If an when if happens, Josh, guess you will just say- wow! never saw that coming.
We will see. No hurries!
You seriously can't be expecting that, can you? He's not going to buy you a company with his money.
BTW, did you read the Form 10? Did you how much friends and family are making off JCOF?
I think a lot of the issue is the drop it had the last time we had one BUT that was because it
was so overvalued. I also think its just the mindset most have with a R/S that most times
it is for a bad reason. Like keeping a stock from being delisted. I know not all R/S are bad.
r/s anr in themselves can eventuall mean good things BUT when you r/s an dilute thats another thing an very bad in combination an screwed many shareholders . not only that but they pumped the stock an sent out many emails two weeks before an saying earnings would be great,the earnings were very good but the dilution killed the average shareholder an the company did that to make big money at the peoples expense.sure u can say it was th e best interest at that time for the company but in the mean time its over 2 years an nothing in price appreciation.typical for many pink stocks to raise money but too r/s n dilute big is b #$%$.i knew it an posted it one week before they did it an stock should have went up but it went down an i sold 3/4s ansaid over n over somethings wrong but many on here bought into the hype.