why isn't my WGAS selling?

[aavazaawjos]

I own 1,000,000 shares in WGAS. I bought them for .0001. I was trying to sell them yesterday when the market was .0002. Unfortunately, no one bought them? I never had this problem before... I buy stocks and sell them right away.

[abiffGoomoFap]

Yep, someone has to buy it. Think about how many sellers may be in front of you trying to do the exact same thing. Hope it goes through soon for you though.

[ABeespackBags]

That makes sense! I did little research on reverse split, it doesn't seem like this is going to help much. Isn't this going to make the company look bad? therefore hurting the price share(event though it went up).

[abivexi]

Most OTC's that do reverse splits are dilution machines. These companies are broke and the only way they can raise money is by selling discounted shares or convertible notes to financiers. Those financiers then sell the shares into the market to make their money. This will drive down the price of a stock no matter how much potential the company has to succeed. This is called Toxic Financing and the only ones who win are the financiers buying the discounted shares or convertible notes.

Considering WGAS did a reverse split less than a year ago and it's already at .0001, this company is hurting. Last time it was 1 for 10. This time they are trying to do 1 for 50. Meaning you'll get 1 share for every 50 you currently own.

[AchmedRap]

This doesn't look good at all. I'll wait it out until I find a buyer or sell as soon as it gets worse. I never thought this would be a problem because the volume is in millions. There is a lot I need to learn.