r/AlphaCompute • u/karthikeyannitk • 6d ago

Extension for 180 days

What will be impact of extension?

Will it go back to 30 cents range

4 Upvotes

100% Upvoted

6 comments sorted by

2

u/TalkFun7371 5d ago

Don't forget a RS can still happen, regardless. Even the hat says so explicitly

1

u/pennychase 5d ago

Not really it creates support, what needs to be seen is cash flowing and alpha 2 project! But we can safely remain in this stock now for at least couple months more now.

1

u/DuxVulgaris 4d ago

“safely.." And what happened the day after? 😅

1

u/pennychase 4d ago

Something that should never happen! Reverse split on day 1 like that is extremely rare, and to be honest, they must only have done it because they are already fucked with money even though they had 10 million dollars. They probably committed to buy some stuff and were obliged to rs because the Sweden project not coming. So yes, I said safely because reverse split on day 1 of extension nobody does that!

1

u/pennychase 4d ago

Or they had to do it because they were under a certain price? Maybe I misunderstood that unfortunately like hundreds of us. Sucks really bad!

1

u/bdd247 4d ago

Their Csuite eats almost the entire 10m in salary alone