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Update 1-36 R/S

$Nauticus Robotics(KITT.US)$ Nauticus Robotics: Reverse Split Is Expected to Become Effective at 4:01 P.M. EDT on July 22 >KITT
Dow Jones· 5 mins ago
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  • Finalflash84 : What that means ? I’m new to this

  • Trytosaveabit OP Finalflash84 : It means that if you have 72 shares at 3:59 PM on July 22! When you start trading at 9AM on the 23rd you will have 2 shares! But if those shares were worth .25 PS after the R/S the 2 shares will be worth 9.00 each! And if you are losing 10% or 10% green! You will still be 10% loss or 10% to the green! Hope this helps? GL

  • Sean Parker : I held this company for about 2 months before throwing in the towel.. I might hop back in for the reverse split. it's a good company, but it seemed like no cared lol. Hopefully, this will peak interest again. thanks for the heads up!

  • Finalflash84 Trytosaveabit OP : So do we sell starting tomorrow?

  • Trytosaveabit OP Sean Parker : IMO it is a very good company! But it’s just another example of SS’s driving a company into ruins! On low volume people are always looking to buy in at a “ good price “! So that makes it to easy for shorts to drive price down! Because without great news nobody wants to buy at higher price because they see it going down! Well without that upward buying pressure it allows SS’s full control! Which leads to lower price and eventually leads to this! I’ve been in and out a few times over the last 14/18 months! And I will trade again!

  • Trytosaveabit OP Finalflash84 : It depends! Sometimes it will get a price increase just before R/S takes place! Some move up right after! I guess it depends on if you’re in profit or loss now! And if you think that it’s going to do well in near future! And if so do you want to pay 8/9 PS after? Or hold you shares and they just turn into 8/9 PS? That 8/9 depends on closing price on 22nd. But I need to include this! I don’t give buy/sell advice! There is no way for me to know other peoples risk tolerance. Or the type of trade they are doing/planning! Hope you understand this. GL

  • Finalflash84 Trytosaveabit OP : Ok last question, what would you do with your shares knowing this? It’s ok if you don’t want to answer but you’ve giving me great knowledge today.

  • Trytosaveabit OP Finalflash84 : Again! Depends on circumstances? I would watch going into R/S and if I’m ok with being say 6/13% down? Well I ride it out! If I have hit a profit that I’m ok with I sell! I look at it like this! If trading at .25 and i am 25% up? That’s 6.25 cents per share profit! But that same 25% on 8.00 PS is 2.00 Per share profit! But on the flip side! Losses are also compounded!

  • Min-joon : Am quite new to this. Does this means those ppl doing SS is considered as "unethical" in trading?

  • Trytosaveabit OP Min-joon : That would be how a lot would see them! But the ones who SS by manipulation and naked shorting! 100% unethical!

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