OTCQX:MRVFF - Post by User
Comment by
GRIFF13on Feb 21, 2010 5:36am
376 Views
Post# 16803848
RE: Reverse Split
RE: Reverse Split
You said " FINALLY a normal fund manager will be able to invest in a great NON-Pennystock"
All a reverse split does is steal the "lottery tickets" of "NORMAL EVERYDAY HARD WORKING RETAIL INVESTORS" and lets the dilution game start again. Only this time the reward will go to the fat cats raking in millions in bonuses for their supposedly wise investment in this GREAT NON PENNYSTOCK.
What you propose is that all the poor little retail suckers who ponied up and supported this company in their hour of need be thrown to the wolves.
Either you are a "fund manager or one of those Shorter Pigs Rex is always talking about. Your logic or lack there of sucks as I know of none of these great reverse splits of which you speak ever benefiting Joe Retailer. Nortel a former great IT company held by hundreds of NORMAL fund managers comes to mind.
Retail = liquidity. No liquidity = No market! No market = no need for Normal Fund Managers!
Reverse split = desperation on the part of the company.
Nuvo now = lack of desperation.Therefore = NO NEED FOR REVERSE SPLIT!
sgl210 =IGNORE.
Kindest Regards
GRIFF