$Meiwu Technology (WNW.US)$i hold 4000 shares bought at 3.02. is it good to continue after April 1st post reverse split or sell it immediately. advises are appreciated
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TheWhiteGoat
:
I would of averaged down a little… you still can. if not you will be waiting for a little bit.
Mcsnacks H Tupack
:
Stock isnt going to recover because the reason it went down was because the company gave the bank shares in order to pay off a $1.3 million debt. The bank then sold those shares until they were all gone. Then the company was allowed to reverse split. The company will now register more shares, probably employee shares so that there will be shares available for the MM's to use.
U.S leading technology companies with strong market presence, influential in their industries, and notable for robust innovation and profitability. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
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This section presents the top 5 stocks in U.S Tech Companies, ranked from highest to lowest based on real-time market data.
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TheWhiteGoat : I would of averaged down a little… you still can. if not you will be waiting for a little bit.
Mcsnacks H Tupack : Stock isnt going to recover because the reason it went down was because the company gave the bank shares in order to pay off a $1.3 million debt. The bank then sold those shares until they were all gone. Then the company was allowed to reverse split.
The company will now register more shares, probably employee shares so that there will be shares available for the MM's to use.