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Posts & Investments - #reversesplit

Gaspar Agraph 🤷🏽‍♂️
Sold Oatly
This has gotta be headed toward a #reversesplit or #delisting , otherwise permanent #pennystocks status. At least this is a #taxlossharvesting #opportunity . Current value: $1.98 Total cost: $22.96 Loss: -$20.98 (-91.38%) Current quantity: 2 shares Average price paid: $11.48/share Invested for: 856 days
Cleaning more house, live and (don’t?) learn: avoid #pennystocks , don’t #hodl for no good reason other than #hopium . I got swept up into the 2021 news hype on #electricalvehicles and thought this one was promising due to its municipal fleet contracts including school buses. #taxlossharvesting • Current value: $7.47 • Total cost: $72.11 • Loss: -$64.64 (-89.64%) • Current quantity: 6 shares (8 shares before the #reversesplit ) • Average cost basis: $12ish per share ($6 before the reverse splits) • Invested for: 939 days
Mullen Automotive is scheduling a special shareholder meeting to vote on yet another reverse stock split, marking their third within a single year. This proposed split, ranging from 1-for-2 to 1-for-100, aims to assist them in restoring compliance with Nasdaq regulations. In the course of this year, two previous reverse stock splits have been carried out: - May 4: A 25-for-1 reverse split. - AugSee more
October 19, 2023
Jennifer Faith avatar
Jennifer Faith
Let's talk about a website I keep in my "bag of tricks". Please tell me in the comments some of your "go-to" due diligence sites. As per the SEC, investing in companies with small market caps can be risky. What makes these companies so high-risk? Toxic Financing Toxic financing is a type of predatory lending that targets small-cap companies. The lenders offer loans at high-interest ratesSee more
AMC Entertainment $AMC has enacted a 1-for-10 reverse stock split today. This means that each shareholder will receive one share of AMC in exchange for every 10 shares held at the close of trading on August 23, 2023. The company says the split will help it raise additional equity capital. They will also be converting its AMC Preferred Equity $APE See more
Two reverse splits and a $25 million buyback plan has still seen Mullen Automotive $MULN failing at regaining compliance from the Nasdaq. Delisting is looking more likely for EV company favored by meme investors. So what does delisting mean for a stock? How will that affect shareholders? Learn more ⬇️ more
August 17, 2023
AMC Entertainment said on Monday it will enact a 10-to-1 reverse stock split on Aug. 24 and have its preferred shares “APE” will be converted to common stock on Aug. 25. The move follows a revised stockholder settlement, which was approved by a Delaware judge last week. The company was sued in February for allegedly rigging a shareholder vote that would allow it to convert preferred stock to comSee more
August 14, 2023
Mullen automotive $MULN has now seen two reverse stock splits in a three month span. On May 4, 2023 they had a 1-for-25 reverse stock split when the share price was at 6 cents and today, they’ve done a 1-for-9 reverse stock split from 11 cents. In all they have reversed split the share price by 1-for-225. The company is doing this as they try to avoid delisting from the Nasdaq. They must trade 10See more
Mullen Automotive $MULN has apparently set their annual shareholder meeting and will now table another reverse split, which could be their second in three months. The proposal if passed, would set a split 1 to 2 through 1 to 10. If the latter is used, then the share price must stay above 10 cents for it to work. This comes as they will need another reverse split to remain complaint with the NasdaSee more
At the current rate of $MULN shares falling, they might be forced to do a 50 to 1 or even a 100 to 1 reverse split come September to be compliant with Nasdaq. And note to, Mullen are heavily diluting current shareholders to help raise capital. They have 1.6 billion shares now after only having 25 million in 2021. more
Apr 25, 2022 - Apr 25, 2023
AMC plunged, preferred equity shares rises on APE conversion settlement What happened: In a filing Monday, AMC $AMC announced settlement terms related to shareholder litigation over a proposed stock conversion. • The settlement opens the way for the conversion of AMC Preferred Equity units , or APEs, into common stock, alongside a 10-to-1 reverse stock split and the capacity to sell more shares.See more
Mar 30 - Apr 5, 2023
AMC plunges as investors approve reverse stock split, APE share conversion AMC $AMC investors voted to approve a reverse stock split and the conversion of preferred APE $APE shares into common company shares. This is causing shares to fall on the news. Preliminary results for Tuesday’s meeting show that the APE conversion proposal passed with 978 million votes, or 88% of those cast. The second proSee more
March 14, 2023
Loading Up For The Conversion/Reverse Split Voting Tomorrow ✊🏾🦍📈🚀🚀🚀 #amcape #reversesplit #amc #buyandhold
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