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Message: Re: Share split
1
Mar 22, 2021 09:44PM
3
Mar 24, 2021 11:11AM

Mar 29, 2021 03:58PM

A share split won't help improve liquidity against anyone who wants to short the stock.

If you want to short $1 million of the stock it doesnt matter if you sell 100,000 shares short for $10 or 200,000 shares short at $5 youre still shorting the same percentage of the float with the same amount of money, doing the same amount of damage.

There is even more risk to long holders by splitting say 2:1 and doubling the share count because if the books remain thin and liquidity does not improve on the books, then its even cheaper and easier by volume to manipulate the price down after a split.

There are minimums to maintain on the nasdaq now for share price and splitting, in my opinion, does not help long term shareholders or the company.

The number 1 thing PYR can do to improve the share price is deliver on expectations. I believe they are working hard on that and investors just have to be patient.

The share price erosion the last few weeks is simply a reflection of delays in expectations being met. Investors who piled in thinking news was coming with uplist, have lost patience and are selling. Or a larger investor is using this environment to push the price down to accumulate. There is no sign yet of accumulation happening though. See HPQ for what accumulation looks like. When we start getting pinned in a price range of 10 cents from low to high and volume meets the avg 10d thats when you know accumulation is starting IMO.

News is the number one thing that will reverse this current trend.

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