Ouch...this just gets worse and worse. Next will be a delisting.
Looked something up that I thought was interesting..Going back 2 years they have gone from 5 million shares outstanding to 28 million. The 5 million was after a reverse 10/1 split so there used to be 50 million. That goes back to beginning of 2013 when there was 20million. So effectively in 5 years they've gone from 20 million to 280 million shares outstanding factoring in the split.
Management is just sucking off the profits thru massive dillution
UnknownUnicorn540299
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@TexasTower85, It won't get delisted just like that. They will just make a reverse split to increase above the minimum req of 1 in case they need it to be compliant. Just the matter of time before this turns.
Interesting the calculation of the number of shares outstanding though.
UnknownUnicorn540299
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@viking83, It is a Company With no Revenue stream, so it is a pure gamble on high commodity prices. And I am quite certain commodities will sore in the coming years.
You may be right....They bled me out at $.58 and I just deleted it off my Watchlist.
Time is right for it to pop lol
UnknownUnicorn540299
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@TexasTower85, It sure puts a test on People. That is why it is a long-term trading plan on this. In the future I will be better on the exact timing when I have studied the mathematics of overlaid cycles in rythmical motion. But eliminating emotions, hereunder impatience is a trait we all need to work on. You dont want to run after this chasing. Never Chase price :)
dsankie21
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What is the attraction to this company? to say it is in a downtrend is a bit too obvious
Looked something up that I thought was interesting..Going back 2 years they have gone from 5 million shares outstanding to 28 million. The 5 million was after a reverse 10/1 split so there used to be 50 million. That goes back to beginning of 2013 when there was 20million. So effectively in 5 years they've gone from 20 million to 280 million shares outstanding factoring in the split.
Management is just sucking off the profits thru massive dillution