@Collegiate_Swag @SuzyStocks Gryphon’s shares wouldn’t be part of the decrease though. They’d have to be added on which would increase the market cap, right?
@SuzyStocks @Collegiate_Swag So on a 1:5 that means ANY shares would be valued at $15 each if the current price was at $3? Would that also mean all the gryphon shares would be valued at $15? That would put the market cap instantly at 2.5B on 150M shares. That seems way to high for today.
@saltybeartears @MJddreamer@omnipotent32 I mean an extreme example would be Sphere merging with Tesla. You’d gladly do a 1:100 reverse split. The conversion rate doesn’t matter, it’s the end result of what they are worth.
@saltybeartears @MJddreamer@omnipotent32 What do you want them to do instead though? Give Gryphon more shares where you can feel good about the “amount” of shares you have? It’s not going to effect the end value.
@MJddreamer @saltybeartears @omnipotent32 It’s a reverse split of 1:5 and not a 5:1 split. If 5 shares equaled $15 before now 1 share will equal $15. The value hasn’t changed.
@BlackbeardRR It’s 100 percent probable. Just because it bypasses the vaccinated doesn’t mean it stops the spread on the unvaccinated or alters the percentages of hospitalizations or deaths amongst the unvaccinated.