GREY:SDRYF - Post by User
Comment by
STE15165on Dec 13, 2013 8:10am
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Post# 22002128
RE:RE:RE:when will this company do a reverse split
RE:RE:RE:when will this company do a reverse split
I don't think a consolidation would do to much. Usually it is negative in a sense that there is a little bit of a sell off before the material change. In this case if they did a ten to one reverse split we would have 36 million shares outstanding and a shre price of 70 cents. The story and worth is still the same just a different ratio. People would still not give it away at this price. Its the same as trying to get the 6.5 cent shares. Nobody is selling them at that price because they are so undervalued.