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Newbie to investing and never invested in a company that went through a reverse stock split.
In theory, I understand the market value should increase but I’m not seeing this reflected in the price and naturally my book value/ share is very disappointing.
A) When should I anticipate the stock appreciation to occur?
B) What’s the next move for companies that do this? Issue more shares?
TIA!
https://finance.yahoo.com/news/retransmission-hive-blockchain-announces-5-100000300.html
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Somebody please explain me Elon’s tweets
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The long term potential is there if sports betting is legalized in all the US states.
Michigan is about to activate legal online sports betting. NY is very likely as well which would be huge!
With the NBA starting up, then come Q1 2021 nfl playoffs, then baseball again so on..
BETZ
I bought more today. Will definitely do well in the long term.
Mentor
Dkng is my largest single holding but I wish I split it with Penn.
I think it’s a safe area to hold here but been frustrating for options seeing it there flat unlike penn.
Hopefully New York will announce soon when they’re legalizing online sports betting. Next quarter Virginia should be in operations and announce who the partners are for online betting next month.
They have great partnerships and once things get rolling with betting and fans can attend live sports they should be in a great position.