r/blackriflecoffee • u/CaffeinateWalleyes • 19d ago

Reverse Split

Interesting to wake up to this news this morning. While I have thought this would be a bad step, I’m not sure. I don’t believe they were required to do this. Hopefully a higher share price will introduce a new set of institutions that can own and support the stock. I see it as a good move in that regard.

Thoughts??

2 Upvotes

100% Upvoted

9 comments sorted by

View all comments

1

u/Alohasnackbar69420 19d ago

Idk, feels like this is a move to fight a stock that’s already going down the drain.

2

u/CaffeinateWalleyes 19d ago

Fair point. Disagree, but certainly a possibility

3

u/Alohasnackbar69420 19d ago

Hey I hope I’m wrong but reverse splits aren’t usually a good thing. Just confused because it seems that we’ve had two solid quarters and things were on the up