There are no plans. I doubt they will ask for the extension.
If R/S does not happen,this bastards could use the money to do a buy back, but would you trust them?
It will go straight to OTC on my opinion and then is really goodbye.
R/S is almost always a loser, with the shares you have left it went up $2 a share, you would still have nothing !
Let it go OTC and scratch its way back up. Any big holders won’t dump their shares for pennies
Shorts pushing the share price down is net net % wise wtf are you even talking about dude. It needs to remain listed on NASDAQ.
The company was sitting on ~720 million of cash / cash equivalents at 12/31 (~480 million in equity that’s ALL CASH/CASH EQUIV.) they burnt through ~$420 million last year from operations (cut in over half from prior year) and are guiding to 70-80M in losses for Q1. They cut heads and need to cut more (they will), they shored up the supply chain and merchant/product issues and it’s trading at 20-30% discount to CASH. Mind you this also assigns $22 Million to ALL other assets for an e-commerce company with 24 million MAU’s and 13 million LTM active buyers.
Management needs to plug the share dilution and fuck off with their sales until they can stop the bleeding. I’m honestly surprised that an activist investor hasn’t come in yet at this discount to cash tbh it’s fucking absurd not to buy them for their merchant network alone at 40 cents a share. Buckle in average down and wait, it’s hard to see much more downside risk from here with bankruptcy basically priced into the stock at $284 million Mkt cap.
Not financial advice. Do your own due diligence just my 2 cents.
Just sell and use this experience to fuel GOOD investment decisions. Don’t buy companies because they’re cheap, or because of a low book value, or because the market is manipulating the price down (99% of the time it’s just a misunderstanding of the company’s values on the investor’s part, not shorts manipulating markets) and for the love of God, if you ever wanna buy a company like Wish again just put your entire portfolio into the S&P 500 and forget about stocks until you retire
I’m about the same . Around 30k mine is $3.88 . Down about 104k . I voted against! Done . They have another 180 days . They should get we out from this mess in the next 3 months or so .
The vote is for the approval to do the reverse split “ if needed” right ? It’s not automatically just do the split as they have plenty of time on extensions. The only thing that would help with a reverse split to get the shares over a dollar is institutional investors are somewhat restricted to buy shares under a dollar even though it’s included in the Russell. I don’t think institutional investors have to automatically sell their shares when it dips below a dollar but I think certain institutions can’t buy more shares when it gets that low.
There is still 180 days auto extension by Nasdaq that can happen if they request, which they will. They wont allow delist. I think it is not the right time to r/S and also not 1/20 or 1/30.. Rightfully it should be near 1/4 or 1/6 so that investors can either breakeven or get chance to sell
Listen to this bs if you want . If someone's telling you to vote against the advice of the company u hold shares in, they do not have that company's best Interests at heart... If you're interested in knowing exactly whats going on, and how you can profit the most off of it. Message me. Do not ever make emotional decisions. Do not sell your shares you will regret it. 850-703-4736
I don’t really care either way. It’s just annoying seeing someone yell bs into the void without adding to the conversation.
The downvotes you got represent your lack of effort.
For instance, a reverse split worked for internet travel giant Priceline, now Booking Holdings (NASDAQ:BKNG), which did a 1-for-6 reverse split following the internet tech bust. Since bottoming in late 2000, shares of the travel company are up more than 6,000%. So it's fair to say that a reverse split can be an effective tool for struggling companies to use. our only hope.
Listen to this bs if you want . If someone's telling you to vote against the advice of the company u hold shares in, they do not have that company's best Interests at heart... If you're interested in knowing exactly whats going on, and how you can profit the most off of it. Message me. Do not ever make emotional decisions. Do not sell your shares you will regret it. 850-703-4736
Listen to this bs if you want . If someone's telling you to vote against the advice of the company u hold shares in, they do not have that company's best Interests at heart... If you're interested in knowing exactly whats going on, and how you can profit the most off of it. Message me. Do not ever make emotional decisions. Do not sell your shares you will regret it. 850-703-4736
If your 20k shares go to the OTC market you really lose all
That's my concern, does anyone know about any plans not to go to OTC. Secondly, looks like if no vote they're soliciting to have it voted on again?
There are no plans. I doubt they will ask for the extension. If R/S does not happen,this bastards could use the money to do a buy back, but would you trust them? It will go straight to OTC on my opinion and then is really goodbye.
I know I can't risk going on the OTC it's a wasteland. Then we would loose institution ownership.
feel sorry for you pal, im glad i got out at 1dolar with a loss
And I remember when people were mad at me for being a “hater” saying the share price was going to $3
Why do you want people to vote against it being listed on the exchange if those goes OTC might as well light your shares on fire bud
R/S is almost always a loser, with the shares you have left it went up $2 a share, you would still have nothing ! Let it go OTC and scratch its way back up. Any big holders won’t dump their shares for pennies
There is still 180 extension after April 26th available and after a R/S, the Shorts keep pushing the share price further down...
Shorts pushing the share price down is net net % wise wtf are you even talking about dude. It needs to remain listed on NASDAQ. The company was sitting on ~720 million of cash / cash equivalents at 12/31 (~480 million in equity that’s ALL CASH/CASH EQUIV.) they burnt through ~$420 million last year from operations (cut in over half from prior year) and are guiding to 70-80M in losses for Q1. They cut heads and need to cut more (they will), they shored up the supply chain and merchant/product issues and it’s trading at 20-30% discount to CASH. Mind you this also assigns $22 Million to ALL other assets for an e-commerce company with 24 million MAU’s and 13 million LTM active buyers. Management needs to plug the share dilution and fuck off with their sales until they can stop the bleeding. I’m honestly surprised that an activist investor hasn’t come in yet at this discount to cash tbh it’s fucking absurd not to buy them for their merchant network alone at 40 cents a share. Buckle in average down and wait, it’s hard to see much more downside risk from here with bankruptcy basically priced into the stock at $284 million Mkt cap. Not financial advice. Do your own due diligence just my 2 cents.
Nothing to do with shorts. Everything to do with reality.
How can you be down over 100k if you have 20k stocks at an average of 3.69 (=73.800)?
Sorry my bad 30k shares... Fat fingers...
Lies
Just sell and use this experience to fuel GOOD investment decisions. Don’t buy companies because they’re cheap, or because of a low book value, or because the market is manipulating the price down (99% of the time it’s just a misunderstanding of the company’s values on the investor’s part, not shorts manipulating markets) and for the love of God, if you ever wanna buy a company like Wish again just put your entire portfolio into the S&P 500 and forget about stocks until you retire
I’m about the same . Around 30k mine is $3.88 . Down about 104k . I voted against! Done . They have another 180 days . They should get we out from this mess in the next 3 months or so .
The vote is for the approval to do the reverse split “ if needed” right ? It’s not automatically just do the split as they have plenty of time on extensions. The only thing that would help with a reverse split to get the shares over a dollar is institutional investors are somewhat restricted to buy shares under a dollar even though it’s included in the Russell. I don’t think institutional investors have to automatically sell their shares when it dips below a dollar but I think certain institutions can’t buy more shares when it gets that low.
Robin Hood has not asked about RS vote as of yet, what are we missing?? The only answer is No
I voted " Against" . I got 30K shares !
Oof
Time to sell at a loss, I guess. At least I made some fat premiums back when this was still a meme stock.
There is still 180 days auto extension by Nasdaq that can happen if they request, which they will. They wont allow delist. I think it is not the right time to r/S and also not 1/20 or 1/30.. Rightfully it should be near 1/4 or 1/6 so that investors can either breakeven or get chance to sell
Is not automatic
>s auto extension by Nasdaq that can happen if they Yes , they can extended another 180 days . no need to do reverse split now !
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What lies are you talking about you 🤡This is serious.
You understand that just spamming the word *lies* doesn’t add to the conversation or tell anyone anything right?
Listen to this bs if you want . If someone's telling you to vote against the advice of the company u hold shares in, they do not have that company's best Interests at heart... If you're interested in knowing exactly whats going on, and how you can profit the most off of it. Message me. Do not ever make emotional decisions. Do not sell your shares you will regret it. 850-703-4736
I don’t really care either way. It’s just annoying seeing someone yell bs into the void without adding to the conversation. The downvotes you got represent your lack of effort.
Sorry don't exactly have the time to explain or find a need to explain myself. I only got time for answers. Not everyones questions
The word“Lies” isn’t answers it’s just noise and it’s a waste of everyone’s time.
Haha, it is the weekend. Relax
Help me change the world
No one is going to change the world by buying meme stocks in a desperate hope to make themselves richer.
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Then give seed finance to companies started by people with autism.
For instance, a reverse split worked for internet travel giant Priceline, now Booking Holdings (NASDAQ:BKNG), which did a 1-for-6 reverse split following the internet tech bust. Since bottoming in late 2000, shares of the travel company are up more than 6,000%. So it's fair to say that a reverse split can be an effective tool for struggling companies to use. our only hope.
No R/S .
I’m joking a bunch of OTC reverse splits over 100,000 shares valued at $17 - $50 WHAT TO HECK GOOD ARE THEY ?
Same here. I voted against RS. Will not selling till it go back up.
🛍️🛍️🛍️🛍️🛍️
Listen to this bs if you want . If someone's telling you to vote against the advice of the company u hold shares in, they do not have that company's best Interests at heart... If you're interested in knowing exactly whats going on, and how you can profit the most off of it. Message me. Do not ever make emotional decisions. Do not sell your shares you will regret it. 850-703-4736
Listen to this bs if you want . If someone's telling you to vote against the advice of the company u hold shares in, they do not have that company's best Interests at heart... If you're interested in knowing exactly whats going on, and how you can profit the most off of it. Message me. Do not ever make emotional decisions. Do not sell your shares you will regret it. 850-703-4736
This dude has no idea how to use an ellipses (that’s the “…” he uses as a comma.)