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Thosemine
:
Did the board decide what the split would be? I know that 1 for 20 was least a d 1 for 40 was max. Honestly hoping it was the 1 for 40 so a chance to squeeze eventually. Getting down to 40.25M free float would make this more active if the volume stays similar. Many won't touch a penny stock. But, will when over $5. even $10. Especially with options attached to this one. Also any date announced for when the split will happen?
QMengColdJoke
Thosemine
:
40 will further drop, 10 dollar not 5 dollar means management do not have confidence. but would be a great buying chance for a short term swing before Q3 earnings because looks Q3 we should break even… Book value should support price a lot
Thosemine : Did the board decide what the split would be? I know that 1 for 20 was least a d 1 for 40 was max. Honestly hoping it was the 1 for 40 so a chance to squeeze eventually. Getting down to 40.25M free float would make this more active if the volume stays similar. Many won't touch a penny stock. But, will when over $5. even $10. Especially with options attached to this one. Also any date announced for when the split will happen?
TechTrek Invest OP : There was definatly alot of fear around delisting, all Ginkgo need to do now is execute well and the share price will follow.
QMengColdJoke Thosemine : 40 will further drop, 10 dollar not 5 dollar means management do not have confidence. but would be a great buying chance for a short term swing before Q3 earnings because looks Q3 we should break even… Book value should support price a lot