Jun. 2 at 4:15 PM
$SCYX I haven’t sold yet, but fortunately have good returns in other sectors to offset the loss here.
My one hope here is the new investors bring more pressure on management. For starters, I want to see normal press releases announcing earnings dates and earnings calls in advance with a dial-in. Key word here is “normal”. Beyond just compliance, the reverse split should bring a more suitable price level to allow compliance with companies’ investment guidelines. It’s about creating a baseline NORMAL company.
I view holding above
$5 as an important threshold. I still believe they should have just done a 1 for 10, but chickened out. At some point, the market cap becomes so cheap that the price holds - that’s easier with a 1 for 10. Everything they do brings suspicion, but at least there is a lot more skin in the game with the new issuances. That’s the only hope I have.
