Better than news
$ShiftPixy(PIXY.US$ Sold 2,000,000 shares for a price below the closing price without shareholder approval. They have 45 days to get back in compliance.
There are three ways to fix this:
1. Remove the shares from the outstanding total and the share price runs up to $62.00 and is the new support.(No shareholder approval required).
2. Remove the shares then add the shares back in at the right price (Requires shareholder approval). The price runs up to $61.00 but then falls back to around $3.00-4.50.
3. Be delisted on May 10 when market closes.
Buying a few hundred shares to hold and see where this goes. This could have been done by the company on purpose if they were already in acquisition talks last year. And then this would make it so they could run the price way up in order to do an offering and just add those faulty shares on top of the new offering. Not a bad plan as long as they have changed their voting rules which they did when they reverse split.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Mcsnacks H TupackOP : This is probably why their Borrow rate increased to 745% on Friday. They also have less than 2000 shares available. Plus they have 50% short interest which is in the top 5 highest on the stock market. Monday will be very interesting once this has circulated all weekend.
chris1111 Mcsnacks H TupackOP: buy as low as possible?
GlizzyGobbler : wow nice insight thank you!
Zelda7 : Thank you master any thoughts on IFBD?
Benjamin’s Zelda7: Following. As well. Thanks
All Also Taken : They better start shifting those pixys :)
JimyJimy : thanks my friend for the information I will buy some to see where this goes
dSuu : had to jump in a bit w my picket change lol..
Nuyoah :
The master has appeared again... and this place has become a garbage dump again
GingleCash : Nice, Very informative..Interesting play to to ponder…Thank you graciously!!!
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