Future of Goph stockDear 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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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 shouldn’t be public — a company this small could be easily bought by thousands of smart people if they thought it had an appealing operation or product, and it hasn’t been. So there’s some infinitesimal chance that the company is just slipping under the radar and is an undiscovered gem that could soar with the right leadership… but the more sober assessment, I would guess, is that the only reason for it to be public at this point is so it can be manipulated by a pump-and-dump operation, or maybe serve as a reverse merger partner for someone.
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.