What looked like a promising stock is now set up for insiders to "loot the till" at each and every turn.
The source of the funds?; what WOULD have been the earned equity of investors like you and me.
This Class C issuance aka "selective split" is NOT a good sign.
There are two conferences. Do a little homework child!! The first one is tomorrow and the next one Wednesday at Canaccord Genuity. I expect at least one revelation at one of both of these meetings. The company has been very good in the past at taking advantage of these forums to release here to fore unknown information to the public in compliance with SEC mandate. If past performance can be used as an example of future stock price behavior, I expect us to be grappling with 30.00 per share by the end of the beginning of next week. This stock presents one wild ride but the good news is - it does so in both directions!
Will it be in 1 minute or 1 hour?!!!! LOL
This is the VERY BEST STOCK to be in if you want to see share price appreciation.
The company has done their work, its all there for everyone to see.
It's up to you to pull the trigger. I did and Im not sorry. Sure, there are small pull backs, but as the other poster stated- its a "stair step" to higher prices, not a straight line up.