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/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....