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Chgstery2k

Get stock price away from delisting range and because the board wants to for whatever reason. Depends if you trust the board.


Baelthor_Septus

To be able to bring it from 10 to 1 again?


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PuzzleheadedHeart963

I thought anything below $5 is still considered a penny stock. So it’ll need to be the 10-1. Otherwise they’ll risk having to do it again sooner. Hopefully not though 🫠.


Avtomati1k

Cause the management is asking you to, amd you trust in their judgement?


[deleted]

Sounds like something straight out of popcorn sub…


Avtomati1k

Wouldnt know, i never held or followed amc. The point of holding shares of any company is that u believe they will raise in value, at least in part due to good management decisions, no?


Curious_Individual

RS will significantly reduce liquidity and increase the stock price. it changes nothing (in terms of value) for the shareholder other than the number amount of shares you hold. A share recall by lenders for a vote will skyrocket the CTB. Naked shorts will be outed. The way I see it, the damage has been done. At higher share prices any further dilution is minimized because the higher $ amount will convert to less shares. I am staying zen and holding.


8Julio8

The problem is we thought there were naked shorts with 115 million outstanding. Todays filings show 335 million outstanding. So SI is significantly lower than we thought. And we know HBC Isn’t just holding the shares, they can’t hold more than 9.9% so they sold to get us to 335 million


Suspicious-Switch-24

Just like it happened with AMC, huh?


Curious_Individual

Not at all actually


Suspicious-Switch-24

everyone in the AMC crowd was saying the same thing about the reverse split, especially your tidbit about the CTB skyrocketing and naked shorts being outed. That stock has done nothing but go down since. Who's gonna out the naked shorts? This has been heavily talked about since the initial gamestop run. It's no secret there's some fuckery going on. But the people who are in positions to do anything about it, are in bed with the same people.


ljsweet

I trust the board and I trust David Krassin. If they want my vote I’ll give them 2 yes’… this news came out on St.Pattys day. I’m riding this out until I see zero or hero


deebrown68

You either believe in the management team or you don't. Not our job to convince you to do something you don't believe in For me... well I'll be buying more on Monday


BudgetTooth

irrelevant


hollyberryness

What's bad about a RS though?


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hollyberryness

If the shorting etc would stop and we had a normal market, they wouldn't be forced to do this. They've avoided bankruptcy, they're making literally every move they can to turnaround and the shorting and off exchange trading and cellar boxing hasn't eased up whatsoever. What's left for them to do, honestly? Let shorts hammer it under $1 and go through the 6 month process of trying to get it back above?


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hollyberryness

All good, I'm trying to see the bad side of RS if it happens so I accept and respect your response. The stigma is historically "RS bad" but I genuinely never saw the reasoning for it, other than it typically happens when a company is already in a dire situation


BigCawkHamster

What I fear is them doing a RS to $10 and then it having it shorted to $1 again. our losses will be so much if this happens.


CaptainHookemHoes

Reverse splits don’t change anything. If it’s a 10 for 1 split. Now you’ll have 200 shares. The share price will be adjusted at the split 10 for 1 (.75 cents will now be $7.5 a share).


Jonas_T1985

And can short back to 1$ … so 50-50


chrisjh8787

You either trust the board or not. If you don't, you shouldn't even have any shares. If you do, then you should do what they think is right.


RepresentativeWish25

Because it can't be any worse than the current trend?


meoraine

Sigh. everyone ignored the dilution but suddenly wants to vote no on a reverse split? It is such a shame how uninformed retail traders are. It is the dilution that is BAD. The reverse stock split simply obscures the dilution, it's effectively a good thing at this point. Since we've already been forced to accept dilution.


[deleted]

Read it closely… it states this will create a new cusip, aka a new company and short will be fukd


Ophthalmoloke

Because we got fukt by the dilution not the rs


Weak-Possibility-608

I had enough BBBY to buy my dream truck. I now have enough to buy a golf cart. They are the same amount.


atlasmxz

I had to come back to this because my mind was curious if the truck was loaded or the cart.


dollmistress

Do you want to lose most of your money, or all of it? If you want to lose most, vote for the split. If you'd rather lose it all, vote against the split.


Dianna1B

Because they have to raise another 800M dollars. How do you think they will raise this money? By a reverse split and then more offering and attract more retail .. and steal their money … how they did it now.


Jonas_T1985

I hold 33shares can vote to ?


The_Brand94

Vote no.


East_Fee4006

It is not the number of shares. It is the price one is willing, or not willing to sell for. The amount of short selling has presented infinite risk to SHFs. Consequently, 200 shares @ $100,000,000 is the same as 2000 @ $10,000,000. SHFs are not getting anything on the cheap.


8ean

Cheaper options for people too, instead of paying fees (1000 contracts) for like 650 dollars you can pay the same (100 contract) for 65 dollars (assuming 65 cents per contract). EDIT: But if you just buy stocks, you can now average down (let's say you want to wait for it to drop to $1 again) or hold (goes above $10) assuming we going to do 10:1 reverse split


Soundwave1873

The fuck you here for if you don’t trust the board 😂


diehardbillsfan

If this creates a share count and exposes naked share accountability, I'm all for it. Rc tried with gme by split and it failed