Virgin Galactic Reverse Stock Split Approved! What You Need To Know

#VirginGalactic #bitcoin #spcestock
Happy Father's Day to all of the dads out there
Virgin Galactic stock crashed to a new all time low with the 1:20 Reverse Stock Split approval. There's some big implications here
And so in today's video:
• I'll go over the a quick update on Galactic 7 and the Reverse stock split implications
• I'll then briefly touch on Analyst ratings. Just a couple of things to point out here
• And I'll close with what I'm personally doing as far as Buying, Holding or Selling
Disclaimer: I am not a financial advisor. Nothing on this channel is meant to be financial advice and the views expressed on this channel are my own based on the research I've conducted into each topic covered. Use me as no more than another data point into your own research and to help you reach your own conclusions.
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[@rubysteegmans7032]

I was able to sell all my shares when it went up to 0,92, right before this happened. Now just waiting to be able to buy back :)

[@InvestwithTCLAWS]

Good move!

[@linsridesharehustle]

1-20 reverse split really? I’ve come to terms if I lose everything in VG I’m ok with that…

[@InvestwithTCLAWS]

Yeah. I’ll definitely be building back an even larger position over the coming year.

[@sachynwagjiani1173]

Man I'm 85% down on this stock. It seems pointless to sell now, but the Reverse split caused it drop even more. I want to be bullish on the company, but they need to show regular progress on Delta. Or this will be plummeted below a dollar again.

[@InvestwithTCLAWS]

The reverse split makes it easier to incur even more losses. Delta progress can and will likely stabilize things, but it could get pretty rocky for a bit. Still bullish on Virgin and I will DCA my way back in. Haven’t supported all this time to not benefit once things turn around 😉

[@henryTech720]

I only realized about the reverse stock split when I got hit with the reverse stock split feet from ETrade which cost me more than my shares were worse than total😢. This is the fourth stock that I have that I got hit with the reverse stocks but I never seem to catch this in time to avoid it. What am I doing wrong how do I avoid this, TSLY reverse stock split was the worst because they gave hardly any notice that was easy to find anywhere at a time with space probably my fault I just tend to miss these. Has anyone else been hit with these reverse stock split fee?😢

[@simonxinpan]

Hi, Tevi, Your videos are fabulous! I’m Simon Pan from China. Can we use your content?

[@InvestwithTCLAWS]

Hi Simon. Thank you for the compliment. What would you like to use the content for?

[@simonxinpan]

@@InvestwithTCLAWS Thanks Tevi. What we are going to do is to create Chinese versions of your videos, distribute them among Chinese investor communities, and eventually direct traffic back to your channel through hyperlinks.

[@장총맛사탕]

버진갤럭틱 은 나가 투자한 금액 1억원을 돌려달라!!!!!!😡😡😡😡

[@MarkSaxby712]

Do you think they will now Dilute the stock Again? Also won’t they be under pressure again from shorts!

[@InvestwithTCLAWS]

Yes to more dillution and more than likely continue to be targeted by shorts. We’ll see how the stock trades starting tomorrow but I do expect more downside.

[@prome57]

I invested in these guys as a joke originally. I thought a hotel in space was funny as hell so I put in a couple hundred bucks. Now I'm actually looking at this as an interesting joke that might actually pay off

[@InvestwithTCLAWS]

If they pull this off (I think they will) this may be one of the best investment people buying at these lower entry points will make.

[@Lotuscraftworks]

I agree, I’ve been in spce for 4 years. Constantly selling calls against my positions or selling puts otm. They have strong balance sheet and operational margins once theyre at that point. If they can achieve 2 deltas and a mothership to start and bring in 400-500 million annually I think they’ll be up at 20b market cap. Putting the stock at $900. They hit 16b prior with no actual revenue.

[@Greyatom66]

Owch

[@TravelMangoMedia]

Hey man thanks for the info. Question, I was deeply in the red with my SPCE stocks but now after the reverse split, I'm now in the green, do you know why that is? I think I have my correct amount of stocks so I'm puzzled...

[@InvestwithTCLAWS]

It’ll get fully adjusted post market open. The stock price is lower now even on split adjusted basis so unfortunately, you’re actually further in the red than before. The stock price is simply higher because of the reverse stock split, but the overall value is lower.

[@TravelMangoMedia]

@@InvestwithTCLAWS okay so the reason why it's that way is because they haven't adjusted my cost per share, so it's looking like I'm way up. It's not bad to look at to be honest but then that would make it look like I have super gains and would be paying taxes on gains I never actually got, so I hope they adjust that.

[@henryTech720]

So did you get hit with the reverse stock split fee?

[@TravelMangoMedia]

@@henryTech720 when did you get hit with those? Did it just happen?

[@henryTech720]

Did anyone besides me get hit with a reverse stock split fee?😢😢😢😢

[@InvestwithTCLAWS]

I did not. I use Robinhood.