So… everyone has been concerned about the $214K per share limit at Computershare….
With the latest filing, RC has effectively increased that limit with no software change. Now the actual stock split ratio isn’t set, but according to the 8K (and some analysis from SS) it looks like it could be anywhere between a 3-1 and a 13-1 split.
3-1 split is equivalent to a current max share sale price of 3x $214K or $642K price for today’s share
7-1 split is equivalent to a current max share sale price of 7 x 214K or about 1.5M/todays share
13-1 split is equivalent to a current max share sale price of 13 x 214K or about 2.7million/share
Since the split will (effectively) divide the price by the ratio number (and increase your number of individual shares) the max per-share limit becomes effectively higher by the same ratios.
It’s not GME floor levels, and I’m not trying to price anchor by any means… but it should make the CS sale/DRS Skeptics a lot more comfortable with their exit strategy options.
u/PinkCatsOnAcid may need to update her (very helpful) video 🙂
Oh… and FOMO will be much easier for the price to get from 1K to 10K to 100K or 1M…. if the stock price is ~ 3-13x cheaper, more folks will be able to participate for longer on the front edge of the squeeze…. assuming FOMO about the stock split itself doesn’t cause MOASS…. Honestly…. I’m good either way.
Tomorrow is good, June 9 is good, I got nothing going on. Holding is easy.