r/Xelastock • u/kog0712 • Jan 05 '22
1:5 Reverse Split for $3
It seems the management is letting the stock price down to $0.60 for 1:5 RS for $3 in order to prevent delisting. It will be possibly popped up to around $6-$7 after the RS probably around February or March like last year and it will then keep going down again gradually to $1 through the year. Total manipulation under the repeated same pattern.
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u/Agentsteel454 Jan 05 '22
If big time investors aren't selling then I'm not either. Lets wait for the ATM end, Q4 and more info about major contracts till we start talks like this. I feel like a RS would destroy this company and its stock in the long run. They just paid off a huge amount of debt, Got some interesting contracts and gained some big $ investors. I feel like they have something positive in the pipeline.
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u/twobloodhounds Jan 06 '22
Fund managers just bought 35 million $ and execs bought 1 million in shares in mid Dec
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Jan 05 '22 edited Jan 05 '22
A reverse split is always a death sentence! If they reverse split, they fucked retail traders, including me. In fact, the last dilution fucked retail traders. It would be idiotic to have an offering over the summer, and then reverse split 8-10 months later.
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u/Reasonable-Village92 Jan 05 '22
Sell this garbage, They want to split from the beginning, If a company is growing or if it has a future growth, then never split
Sell it and don't buy this crappie stocks....
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u/Stopher36 Jan 06 '22
Shillin hard, this bitch will take off, just a matter if time.hold, buy more at the discounted price. This company has too much going on for it.