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NEWS
Crown Electrokinetics Tells Benzinga Co.
Announces Plans To Build Co-Own Reverse Osmosis Plant In Mexico To Desalinate Water Collected
Announces Plans To Build Co-Own Reverse Osmosis Plant In Mexico To Desalinate Water Collected
'Expected To Produce Up To An Estimated $40 In Reoccurring Annual Revenue'
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thanant : I think board wanted pump for dilution , I learn from past . careful ceo corrupt
lilaita : They always have good news. It rarely does anything..
I've got an order in for .20, still averaging down from last RS, and here's another one, right around the corner:
For CRKN (Crown Electrokinetics), the company is seeking shareholder approval for a potential reverse stock split at a ratio of up to 1-for-150. The final ratio and decision are at the discretion of the Board of Directors and must be implemented by December 31, 2024, if approved. This proposal will be discussed at their annual meeting scheduled for December 19, 2024.
We'll see if new rules change this, but, I doubt it.
Jaguar8 OP lilaita : Hmm i earned big on this last May. You have to trade the chart and don’t just base it on good news. Also, it helps not to target high profit margins. I only target 10-15-20% profit initially and scale out.
lilaita Jaguar8 OP : oh. I'm new at this. But that sounds right!
I originally bought because it's local and I like the smart window concept. I could see them splitting into several companies. I bought to hold. that was an obvious mistake, since that's how I got sucked into the last RS.
thanant lilaita : Ha ha, old news. They already had a 150:1 reverse split. If they wanted another reverse split, a lower ratio would be needed, and a general meeting with a vote would be required. Where did you get the news about the general meeting on December 19?
Jaguar8 OP thanant : Yup. They can’t go beyond 1:240 within 2 years
lilaita thanant : chat gpt: aka: my Bot Bot.
Jaguar8 OP lilaita : Keep in mind that a stock typically drops sharply right after a reverse split (RS), with only a few exceptions—mainly those companies that strategically align positive press releases with the RS. If you hold shares the day before the split, I anticipate the stock might stabilize for a few days or even up to a week before experiencing a potential spike.
lilaita : I know. I went thru the last one, and bought up shares at .30 and down.