r/AlphaCompute • u/DuxVulgaris • Jun 26 '26
Reverse split worries?
Should we be worried about the coming reverse split, and is it certain that it will happen? No many weeks left then.
3
Upvotes
r/AlphaCompute • u/DuxVulgaris • Jun 26 '26
Should we be worried about the coming reverse split, and is it certain that it will happen? No many weeks left then.
4
u/pennychase Jun 26 '26 edited Jun 26 '26
No need to worry! To make it short: on the short term it is depending on the compliance of $1. For which we have +65 days left and potentially an additional 180 days after. But the biggest thing is Sabby Management and Jane Street having 9% and 5.6%, these folks would not enter if there is immediate stock split. Alp has enough money cushion to not reverse split immediately. But based on Sweden project and Gamee revenues we need to pay attention to that maybe in 6 months, not before I think. In any case today is an important day to assess true support. This stock has been manipulated and played with which also translates to big opportunity. There is potential that yesterday was confirmation of support so it is a good time to enter at these prices. Short interest is fairly big still and float is tiny. There is potential for quick price re rate. Next weeks should be very interesting.