If you’ve been following BingoShares over the past year or so, you may have noticed that the price has been slowly declining. This is because there have been no new shares issued in the past year, and as a result, the total number of shares outstanding has decreased.
What does this mean for you?
Basically, it means that if you’re holding BingoShares, your share value is going to stay relatively low. Unless there’s an announcement from the company revealing that new shares are being issued, your BingoShares will continue to decline in value.
So what does this mean for you as an investor?
If you’re looking to invest in BingoShares, it’s important to remember that the price is likely to continue declining over time. If you want to maximize your potential return on investment, it may be better to wait until there’s an announcement about new shares being issued.
