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re: When will Tsnp crash??
Posted on 2/25/21 at 2:15 pm to SkinnyTestaverde
Posted on 2/25/21 at 2:15 pm to SkinnyTestaverde
quote:
This is what I asked yesterday. Either he is intellectually dishonest or retarded. I have been trying to figure out his angle. It’s a penny stock for a reason lmao.
Do you know how many penny stocks (sub $1) are valued over $1B?
The answer is 1.
There are speculative plays and then there is valuing a company with zero financial reports at $4.5B. The fact so many are willing to willfully ignore the insanity of that is entertaining
This post was edited on 2/25/21 at 2:21 pm
3
Posted on 2/25/21 at 2:18 pm to slackster
quote:
Do you know how many penny stocks are valued over $1B?
The answer is 1.
There are speculative plays and then there is valuing a company with zero financial reports at $4.5B. The fact so many are willing to willfully ignore the insanity of that is entertaining
But but but but.....this one is "special"
Posted on 2/25/21 at 2:29 pm to slackster
I agree with what you are saying. I am interested to see how this plays out.
Of his 4 picks I always thought this was by far the riskiest and possible P&D.
Of his 4 picks I always thought this was by far the riskiest and possible P&D.
Posted on 2/25/21 at 2:29 pm to slackster
I am kind of new to all this, but can someone explain how a reverse split and reduction in shares is a bad thing? Wouldn’t that make my shares worth more in the long term? Let’s be serious. The only ones who should be panicking are people over exposed in a penny stock/ start up and those who bought at $1.50 or higher. I’m not going anywhere. 10,000 shares with a 0.35 average buy in is my exposure. It’s ride or die for me.
Posted on 2/25/21 at 2:36 pm to Johnpettigrew
quote:
I am kind of new to all this, but can someone explain how a reverse split and reduction in shares is a bad thing? Wouldn’t that make my shares worth more in the long term?
It shouldn’t do anything to the stock. You own the same amount of the company as a percentage either way.
quote:
10,000 shares with a 0.35 average buy in is my exposure. It’s ride or die for me.
You don’t have to ride or die regardless of the price you paid
, but congrats. Seriously. Posted on 2/25/21 at 2:37 pm to Johnpettigrew
quote:
I am kind of new to all this, but can someone explain how a reverse split and reduction in shares is a bad thing? Wouldn’t that make my shares worth more in the long term? Let’s be serious. The only ones who should be panicking are people over exposed in a penny stock/ start up and those who bought at $1.50 or higher. I’m not going anywhere. 10,000 shares with a 0.35 average buy in is my exposure. It’s ride or die for me.
With a reverse split you'll be down to 2500 shares.
If the ticker moves 1 penny you'll +/- 25 dollars.
With your original 10,000 shares if the ticker moves 1 penny you'll +/- 100 dollars.
It limits your future gains.
Posted on 2/25/21 at 2:42 pm to LB84
quote:what does that mean?
It limits your future gains.
As Slackster pointed out, it should be immaterial. It's the same company it was before the reverse split. Nothing has changed.
Posted on 2/25/21 at 2:44 pm to LB84
quote:The only thing that dictates any gains or losses is overall market cap/value of the company.
It limits your future gains.
Percentages matter. Dollars and cents do not tell the story.
Posted on 2/25/21 at 2:45 pm to slackster
quote:
You don’t have to ride or die regardless of the price you paid , but congrats. Seriously.
Like I said this is money I would be ok with losing it at the casino. That’s how I went into playing around with pennies. I have spent all my years letting others manage my money and they have done a pretty good job. I just did this to learn my way around. Makes me do more research and keeps me away from sitting in front the stupid TV. It’s good for the brain.
Posted on 2/25/21 at 3:10 pm to Johnpettigrew
Exactly how I’m doing this all 
Posted on 2/25/21 at 3:14 pm to Johnpettigrew
Here’s a question. Does George Sharp’s 500 million warrants also reduce by 25%?
Posted on 2/25/21 at 3:17 pm to LB84
quote:
It limits your future gains.
No it doesn't.
Posted on 2/25/21 at 3:18 pm to LB84
So if the stock price moves a lower %, your gains are lower? Shocker.
Posted on 2/25/21 at 3:19 pm to LB84
quote:
With a reverse split you'll be down to 2500 shares.
If the ticker moves 1 penny you'll +/- 25 dollars.
With your original 10,000 shares if the ticker moves 1 penny you'll +/- 100 dollars.
It limits your future gains.
I just lost brain cells after reading this.
Posted on 2/25/21 at 3:27 pm to LB84
quote:
It limits your future gains.
Posted on 2/25/21 at 3:27 pm to LSUneaux
quote:
I just lost brain cells after reading this.
You didn't have any to begin with.
This post was edited on 2/25/21 at 3:28 pm
Posted on 2/25/21 at 3:32 pm to beef42
quote:
In discussion about the reverse split, HUMBL’s COO and Corporate Secretary, Jeffrey Hinshaw, stated, “The company’s Board of Directors concluded that it was important to quell the volatility in the share price. Prospective investors and current shareholders were concerned that it was difficult to pinpoint the true value of the common shares. Furthermore, this will force any outstanding short positions to cover their position. The board was also sympathetic to the need not to wipe out the holdings of the shareholders, and therefore determined that this small reverse split would satisfy both requirements.”
As a result of the reverse split, HUMBL’s stock symbol will change to “TSNPD” on February 25, 2021 and then to “HMBL” on March 26, 2021.
Posted on 2/25/21 at 3:43 pm to Johnpettigrew
quote:
Here’s a question. Does George Sharp’s 500 million warrants also reduce by 25%?
They should.
Posted on 2/25/21 at 3:50 pm to Johnpettigrew
quote:
Here’s a question. Does George Sharp’s 500 million warrants also reduce by 25%?
I mean, unless he is bernie madoffs long lost cousin yes
Posted on 2/25/21 at 4:22 pm to SkinnyTestaverde
I sold plasma like 7 times this week and cashed my cousins disability check to buy tsnp dips. Some of y’all just don’t have what it takes to be successful
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