written by reader Future of Goph stock

By pleasant valley, July 28, 2019

Dear Travis,

About a year ago I bought a stock: GOPH with hopes of future appreciation. Originally, I bought the stock below $1.00 per share. Then, it rose to $3.20 per share (high point).
To get to the point.. it now sits at about 4 cents per share. The company recently came out with news of a reverse 100:1 split with news of renaming the company to another ticker (sorry – news details are not in front of me). The ticker will reflect a merger with a helping investment company. No details about date,etc.
Limits and earlier bail out are lessons I am learning now. Any guidance/or information about this company will be greatly appreciated.
Thank You.
Edgar Roeser (irregular member)

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j204slTravis Johnson, Stock Gumshoe Recent comment authors

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Travis Johnson, Stock Gumshoe

Hi Edgar, I’ve never looked at that one, but just took a very quick glance and they have dug a tremendous hole. It’s possible for companies to recover from this, but, not at all probable, and they also apparently haven’t filed financials since 2015 so I’d be even more wary. This is the kind of situation that I wouldn’t consider investing in unless I were on the board or otherwise had some real insight into how they were going to relaunch the company — you’re signing on as a real small business partner here, and a company this small really… Read More ยป

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Gopher Protocol (GOPH)

My experience with reverse splits is a prelude to the dead of the stock.If I were you I would take the loss and get out.