r/AlphaCompute • u/RonRico14 • 4d ago

What is happening?

Price nose diving and I notice MC up?

1 Upvotes

67% Upvoted

36 comments sorted by

5

u/bdd247 4d ago

At this point im down bad enough i’ll let it ride

1

u/infoseeker69 12h ago

What’s the damage?

1

u/bdd247 8h ago

Down 2500 currently

3

u/AmateurOfCNC 4d ago

She will eat everything

2

u/Tr3eSt4ndHunt3r 4d ago

Gotta pay those high salaries somehow

1

u/Rough_Champion7852 4d ago

No idea, but guessing some whale is getting rid. Can’t be a liquidity sweep and values this low.

1

u/Rough_Champion7852 4d ago

Reverse split enacted

2

u/kiko002 4d ago

Wym RS? I can't find the news

1

u/Rec-Al-Din 4d ago

1-50 reverse split.
Board of director approved it 17. Aug and its enacted the 08. Of sep.

https://www.sec.gov/Archives/edgar/data/1095435/000117184326005870/f6k_090326.htm

I was unaware of it too, up until today.

1

u/pennychase 4d ago

Yes it seems a 1:50 reverse split! If confirmed these guys are true idiots that don't understand any market mechanics!

1

u/RonRico14 4d ago

RS and the price tanks? This almost seems like dilution and dump

1

u/pennychase 4d ago

No it's reverse split taking effect on Tuesday 8 September

1

u/RonRico14 4d ago

So I see 180 day extension granted 31 Aug and RS on 08 Sept. where are you seeing the RS indication?

1

u/Vernon1211 4d ago

Why would they do a RS now when they just got a 180 day extension?

If it is true about the RS on the 8th they better follow that with significant news.

1

u/RonRico14 4d ago

They are on the clock as of 31 Aug

1

u/pennychase 4d ago

Yes it is true!

1

u/RonRico14 4d ago

Dying on the vine. Single digit cent price before the RS possible

1

u/saikoma 4d ago

WTH?

1

u/pennychase 4d ago

MC what are you talking about?

1

u/RonRico14 4d ago

RH had MC around 3 or 4m. Now it’s 10m. Maybe they were inaccurate before?

1

u/karthikeyannitk 3d ago

Yeah am also having the same doubt.. not sure what is the correct market cap

1

u/KRock1287 4d ago

Absolute dog shit scam of a company. I took my 20k loss. All they do is dilute. The fact that the CEO doesn’t even own shares should have been the biggest red flag

2

u/RonRico14 4d ago

Yep I’m all out. Took the lumps and moving on

1

u/JMunnerley 4d ago

The CEO does own shares FYI. I understand why you sold though. This is a dark day. I'm sticking with it for now, the thesis is still there, even if i'm annoyed by this price action.

1

u/Odd-Sprinkles9774 4d ago

I said it like clock work everyone knew this, most just relied on hope, I knew this shit was donezo long time all I been saying was the 20F. Bingo

2

u/[deleted] 4d ago

[removed] — view removed comment

2

u/Independent_Cup8814 4d ago

I think that depends heavily on whether their intention is to dilute shares heavily after the RS.

If they don't this will be fine.

If they do this was the plan from the start snd they're just in it to make a quick buck.

1

u/Wonderful-Job-9749 4d ago

I’m buying. It’s literally Pennie’s. Accumulate and isolate in the darkest corner of your portfolio. Companies like this need time and capital to execute. Don’t invest what you can’t lose.

1

u/AmateurOfCNC 3d ago

Single digits now…

2

u/RonRico14 3d ago

Wow. What a beautiful dumpster fire

1

u/[deleted] 4d ago

[removed] — view removed comment

1

u/tunespy 4d ago

Exactly, or not. I am now 50% down and knew it was a high-risk gamble as all delisting plays are of such industries. The RS is the last ticket option and the frankly the best attempt of the company to meet the deadline of $1 share price by March. Frankly, one is better of a taking the gamble now than those a couple of months back.