They are preparing for the NFT dividend. Get in now before it's too late. It's a fire sale right now.
The next shareholder meeting (June 9th) the vote on the stock split will go through.
theoretically, one stock is worth infinite amount of money. I highly recommend everyone to have at least one.
For people who don't know, it has potential to be infinite because you get to sell it for what you want when shorts have to buy it back. The theory is there at 10 synthetic shares for every real share. Shorts HAVE to cover. And even if there isn't that many synthetics, if there is at least 1 real for every fake, it's still infinite potential.
If they did a reverse stock split, your 1 share at $250 would become 1/10th of a share at $2,500 each, for a total value of $250.
Stock splits do not make you rich. Anyone who says otherwise is shoveling bullshit on your truck.
For shorts, it's the same. If they were short X number of shares with a total short value of $Z, they would still be short the same amount of money after the dust settles. Their brokerage account would not change, in terms of dollar amount short. So, it is irrelevant.
However ...
Anytime a company does a split (and especially a reverse split) when there is no apparently valid reason to do it (like a $1,000 per share stock price and they want more people to THINK it would be more "affordable" at a lower price), then something is rotten.
It means the CEO/execs/directors are manipulating the stock, and that can never be for a good reason.
They are preparing for the NFT dividend. Get in now before it's too late. It's a fire sale right now.
The next shareholder meeting (June 9th) the vote on the stock split will go through.
theoretically, one stock is worth infinite amount of money. I highly recommend everyone to have at least one.
For people who don't know, it has potential to be infinite because you get to sell it for what you want when shorts have to buy it back. The theory is there at 10 synthetic shares for every real share. Shorts HAVE to cover. And even if there isn't that many synthetics, if there is at least 1 real for every fake, it's still infinite potential.
I have one I bought at 250. So now I’ll have two?
If it splits 10:1, you will go from having 1 share at $250, for a total value of $250, to ...
Having 10 shares at $25 each, for a total value of $250.
That's how stock splits work.
^ btw
If they did a reverse stock split, your 1 share at $250 would become 1/10th of a share at $2,500 each, for a total value of $250.
Stock splits do not make you rich. Anyone who says otherwise is shoveling bullshit on your truck.
For shorts, it's the same. If they were short X number of shares with a total short value of $Z, they would still be short the same amount of money after the dust settles. Their brokerage account would not change, in terms of dollar amount short. So, it is irrelevant.
However ...
Anytime a company does a split (and especially a reverse split) when there is no apparently valid reason to do it (like a $1,000 per share stock price and they want more people to THINK it would be more "affordable" at a lower price), then something is rotten.
It means the CEO/execs/directors are manipulating the stock, and that can never be for a good reason.
Not necessarily true. A stock split does make what once was a too expensive stock into something more affordable to appeal to possible investors.
A reversal stock split I agree with. That’s shady.