Post by icemandios on Aug 26, 2022 18:08:21 GMT
On 5/16/22, PTE closed at 0.17. It did a 1 for 25 reverse split on 5/17, and opened at 3.19.
25 x .17 = 4.25, so it actually opened lower than the prior day's close. Whereupon I posed the musical question, "How long will it take for them to shove it back under a buck?"
It closed at 0.99 on 8/23/22, and its intraday low, so far, is 0.927.
This equates to a pre-split price of 0.927/25 = 0.037. They've lost -73.5% since the reverse split on 5/17/22.
So far, the Honig investment doesn't seem to have had a beneficial effect.
25 x .17 = 4.25, so it actually opened lower than the prior day's close. Whereupon I posed the musical question, "How long will it take for them to shove it back under a buck?"
It closed at 0.99 on 8/23/22, and its intraday low, so far, is 0.927.
This equates to a pre-split price of 0.927/25 = 0.037. They've lost -73.5% since the reverse split on 5/17/22.
So far, the Honig investment doesn't seem to have had a beneficial effect.
