$Digital Brands Group (DBGI.US)$ i want everyone to look at ...
$Digital Brands Group (DBGI.US)$ i want everyone to look at the big picture here. This company could have very easily done a 1-10 or 1-20 reverse split followed by an offering , it would keep them in compliance. But they did a 1-100 . why? Here is my theory. 1-100 would lower the shares and float. Never seen an offering on a 8-9 dollar stock, just doesnt happen. They already had the volume for an offering pre r/s. and they didnt do it. They know the shorts are stuck and have to cover. It is high on trending list and high short volume. They are gonna force the short volume to cover and spike the price, that is the only move left. by doing the reverse at 1-100 it puts very little shares in play with an extremely low float. i see this def above the 50 dollar mark in near future. only my theory
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71334287 : Id like to see if by chance you can help me understand..I bought 21 shares of DBGI at .09/share..just under $2 for the position..then they did the reverse split..I look at my moomoo account and its shows I have zero shares and my P/L is -$168.00 …Is it an numbers error on moomoo’s end or?? I messaged the MooMoo team yesterday morning upon seeing this and nobody ever got back to me..if anyone can chime in with explanation/similar experience I’d greatly appreciate it
Will73 71334287 : US support service time: Monday-Friday, 08:30 a.m. – 04:30 p.m. Eastern Time. So you might have to wait for their reply.
I assume 1-for-100 Reverse Stock Split means your 21 shares couldn't combine into 1 share so moomoo will sold it for you(cash). But I don't think your P/L is correct, it might be an error.
Just wait for the reply, moomoo got great customer service.
MoneyMaker13 71334287 : Seems like it's showing your 21 shares at the new value at $8 each (the after R/S price). This is a common error while the R/S is happening, but I would think it would have been fixed by now.
MoneyMaker13 : Seems logical and I think the same type of run resulting much like PIXY that went to around $40
71334287 MoneyMaker13 : I appreciate the response..are you sure? Its showing me in the red/down $168..and no shares..unless I’m reading something wrong..
MoneyMaker13 71334287 : .8012 (pre R/S price) x 100 = $8.12 after R/S price per share. So 21 shares at $8.12 = $170.52. If you paid .09 per share, that‘s ) $1.89 total original cost you paid. $170.52 - $1.89 = roughly what you have in your account after your ($.09 - .0812)loss per share.
All of that said, I bet you’ll be receiving a deposit refund for your original total .09x21= $1.89ish.
71334287 MoneyMaker13 : Thanks for explaining!
MoneyMaker13 : Unreal
NAHXSTOCKS 71334287 : sounds like a paper trade not an actual trade... numbers won't update properly on paper trades, and you can't buy less than 100 shares at .09 I believe... next time if you want to buy in, buy with real money, not paper...