Enerdynamic Hybrid Technologies Corp. EDYYF

RE:RE:RE:RE:RE:RE:RE:RE:Cant wait

[whodathunkit]

I don't usually subscribe to conspiracy theory thinking, but, something doesn't sit right with me on this "management needs the ability to have a 5 for 1 reverse split option some time in the next 12 months" logic.  They say they need this to encourage more interest in the stock.  No large investment funds are going to invest in a $0.20 stock if they won't in a $0.04 stock.  Any reverse split I have ever been involved with has always resulted in further price depreciation after the consolidation.  It just seems a way to walk the price down even further.  My guess is if this passes the consolidation will occur in weeks, not months.  Meaning, management is not being completely open about this.

The question is, who benefits from a lower stock price?  Management maybe?  Are they trying to lower the price so they can buy a larger share of the company after the next round of declines?  Like I said, it just doesn't make sense to me.

The way to get the price up is to actually deliver on some of these promises.  My vote is no.

Cheers.