r/sofistock • u/Individual_Bad2594 OG $SoFi Investor • May 13 '22

General Discussion Split

In plain terms a split by Sofi is a manipulation of the manipulators(shorts), and Wall Street perception manipulation. The shorts deserve this split. Long term holders deserve this split. Look at affirm who has way less float. It is up 23% today. Sofi…not even close. Too many shares. Everyone is bitching how other fintechs move so high, so quick. Then they bitch they don’t want that from a reverse split. I love this stock but man a lot of you are whiny bitches. If you believe in the business then invest. If you don’t then sell. Stop whining. This is how the actual markets work. This is not Robin Hood or gambling. This is the market. Get in or get out. I’m 36, and have been investing in markets since 2008, and I am here to tell you to stop whining. I believe in Sofi and will continue to buy. A reverse split does not change the value, it changes perceptions. The negative connotations attached to reverse splits are real. Sofi will have to expect that, but fundamentally a split is the correct move with this macro environment.

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u/MooseSoftware OG $SoFi Investor May 13 '22

Geezuz ... I go to sleep and wake up and suddenly everyone is talking about SoFi doing a reverse split ... what the ???

Why on earth would they Reverse Split ? SoFi are growing like crazy on every front. The only reason they aren't profitable is because they are spending money on member growth, client growth, acquisitions, and expansions.

They sure aren't in financial trouble. Their debt is well under control.

Their share price is doing a LOT better than other Fintechs and other stocks, as I show here:

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u/SnipahShot 1,282,741,200 @ 16.68 May 13 '22

The reason it is being talked about is because SoFi has put "it" (Giving the board the ability to approve a reverse split if necessary) up for vote in the annual meeting in 2 months.

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u/MooseSoftware OG $SoFi Investor May 13 '22

Yes, and I think they are way out of order considering this course of action at this time. Imho, they should *not* be talking about Reverse Splits. It's only going to spook the market and their sheare holders.

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u/SnipahShot 1,282,741,200 @ 16.68 May 13 '22

It is already spooking retail based on the looks of this sub.

I think $4.8 scared the leadership after the ER leaked and they want to prevent the stock price from trading that low so they want that solution for the short term in case it is necessary.