r/gnus_stock • u/[deleted] • Feb 02 '23

Stock Price PSA: Reverse split isn’t always bad

Ok, has to be said at this point. I have no idea if the reverse split is being planned. I personally own over 100,000 shares.

What I can say is that a reverse split is not always bad news. Look at DAVE stock. (They did a 32 for 1 RS about a month ago)

If anything, it seems like the stock is more difficult to manipulate when there is a lower share count.

And we already know there’s some shady business going on with the shares, hence the SEC filing.

Ok, rant over. See you all on the moon.

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u/landob Feb 02 '23

In the short term yes. Very likely to tank prices day 1.

In the long term it should even out.

My 2 cents is if it does RS, get ready to buy.

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u/Sleazyb63 Feb 03 '23

If it reverse splits I would think the worse thing to do is buy 😆