Making free money via Reverse Stock Splits (Guide)
definitely the type.
The higher the ratio the better. meaning, the stock i used was the DPSM, purchased at .03 cents and it consolidated something like 1:25 or sometihng like that. So it absorbed the prices of 25 more shares and the price became 3.15.
a 1 to 4 reverse split may make it around $12. It's not that its not worth it, because it is, but the bigger double digit reverse splits, and the lower the original price of the stock, cents instead of dollars, makes it viable for you to complete this over multiple accounts.
If this is so legal why are you using multiple brokerages accounts
If this is so legal why are you scaling so low with 1 share. Why not Scale up.
If you know a stock is $2 today but in 3 weeks will be $23, Why not buy 10k worth and sell for 150k in 3 weeks.
If you've done this multiple times now, you should be a millionaire by now.
If this is so legal why are you scaling so low with 1 share. Why not Scale up.
If you know a stock is $2 today but in 3 weeks will be $23, Why not buy 10k worth and sell for 150k in 3 weeks.
If you've done this multiple times now, you should be a millionaire by now.
1. You use multiple brokerage accounts because to make it work you only buy one share at a time. with a 1:23 split, 23 shares becomes 1 share. Buying more than one share would make you lose money because 2 shares becomes 23 shares, not 46.
2. You scale up having multiple brokerage accounts where they also recognize that 1 share is still eligible for the reverse split. All brokerages are different and some don't let you take advantage.
3. As it is before, unfortunately it doesn't work like that because of the nature of the reverse split. It would be awesome to be able to throw more money at it, but this isn't a fast money kind of play, it is a beer money kind of play.
I assume you have doubts about the legality of this procedure. What makes you question it's legality?
Because you are clearly trying to take advantage of a glitch in the reverse split system.
Like why do y'all play dumb. This is why the Feds don't play when it comes to this shyt. Y'all know exactly what y'all are doing.
i'm not trying to play dumb, im just trying to understand. I do appreciate you caring and providing caution to us out here. we all we got
It is very certainly arbitrage, you are right about that. and if you just have one account you are just doing what is allowed. I only have one account.
why should white guys have all the fun?
i did it with the DPSM stock. purchased at $0.02 and sold at $3.15
DamienWayne
Superstar
is this shyt legal or not
Ojinnocent420
Pro
I've been doing it for the last 2 weeks, probably made around $30 overall. I'm using 9 different brokerages for the splits, might add 2 more to the rotation, Easy pocket money. I subscribed to this page https://www.reversesplitarbitrage.com/ , $17 but I already made that back.
Ojinnocent420
Pro
So far its been worth it, the guy post more stuff on the site than on the twitter account.