Here we go again. Like I said in response to GMEABRK last week. On occasion (very rare) a RS can be a good things in terms of survival. But in most cases, this one included (and I hope that I am wrong!!!!) This sock will slowly drop way down to under a dollar, and chase out all the small guys, then the big boys and insiders will pick it up at dirt cheap levels making a killing, while our once many thousands of shares are now only hundreds and we cannot make a good buck due to out lack of shares related to share price!!
I have seen this hundreds of times, and unless we really DO have an amazing product that really sells and makes mucho dinero, then we will be in the same boat (history tends to repeat itself in these cases) Its just too easy for them to screw us and make the big payday twice on a stock with us being the bag holders?
One again, I wish us all the best of luck, and do hope that I am wrong in this case? With a good product, they could have just as easily kept the number of outstanding shares and priced it in. The Big Institutions would still buy, as they are all waiting for the big drop back down to sub dollar again, as they ALL know the game too).
Or at very least, the RS could not have been as devastating and more in the realm of 1-2 or 1-5 at most.
Prescient no! Experienced...yes!
GME, this is just my opinion based on vast experience. You did see my verbage expressing that I hope this does not happen, correct, or do you just not like people expressing an opinion thst is opposite to yours? In either case I do not care! Let the card fall where they may, and if someone else expresses something on the contrary to your point of view, then just put us all on ignore.