I noticed some messages talking about the 100:1 Reverse split back in Oct 2020 so I will sum that up for you as well . YES THE COMPANY HAD TO OFFER AND SPLIT ! Why you ask? Well let me tell you.. I explained the reasoning for the recent direct offerings in my last post . But for the ones in 2020 there is a different reasoning . Aside the fact that the whole world experienced an industry shaking pandemic , the shipping sector was at a all time low (ironically now in 2021 it is at an all time high), and most importantly/disgustingly GLBS stock was being shortened to near death 3 times throughout the year by criminal hedge fund " Sabby Management " (If you don't know who they are look them up . They have been fined , punished and have seen a courtroom quite a few times for their naked shorting and market manipulation tactics ) . That being said GLBS was being kicked while they were already down and unfortunately the company did what it had to do to survive and maintain compliance on the exchange they traded on (keep the stock price over $1 or get delisted) . At the time they were trading at $0.13 ($13 post split) , had they done a smaller split they would have ran the risk of being delisted before they could recover . Truthfully splits in either direction changes absolutely NOTHING ... It is all proportional and a way to maintain compliance in one direction or a way to make a stock more affordable to investors in the other direction . Splits are basic changes in denomination . 1/5 of a pizza and 5/25 of a pizza are still both equal to 20% of the pizza , it is just expressed differently but ultimately changes nothing . Anyway hope this helps shut these bears up so you have a clearer picture of what is infront of you . Again , if you started trading in $AMC Ent Holdg
because you were about the movement and what they are representing , there is no other stock better to join forces in and crush shorts than GLBS . If you want to represent the little guy and kick a nasty hedgefund where it hurts ... this sweet , small float , beat down stock ( that happens to be in one of the hottest sectors of the year ) is the place to do it ! Cheers !
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$AMC Ent Holdg
Role call lets build morale, who is holding ? Utahboy 02/25/2021 21:51
Institutions are buying aggressively here, expect news soon!! Morgan Stanly one of them !!Stockdata.webull@gmail 02/25/2021 23:26
$AMC Ent Holdg
I stuck a lot out for all those 🙌💎 I know we can do better we are taking down the hedge funds one way or another... dont let me down💎💎💎🚀🚀🚀DeMartiniMillionaire 02/25/2021 22:40
$AMC Ent Holdg
made stickers and magnets for the crew!!!! Jac***com 02/25/2021 23:45
I have been doing my part... time to do yours..💎💎💎💎🙌🙌🙌🙌DeMartiniMillionaire 02/25/2021 22:24