RE:I am Hearing Share Consolidation 10/1longsidebet wrote: as part of Financing talks in order to raise more money.
If in fact a reverse split does take place... usually 1 for 10.... say at .32 cents...
price will go to 3.20 pop to 3.30... then erode to 1.75 - 2.40.... before it ever rises past the 3.20
And thats if all goes well..... I never make predictions like that but I have seen these R/S's b4....
And never have I seen 1 immediately take off..... maybe someone else knows of a favorable one and could post the chart and relevant info to see what actually took place....
This is very similar to buy the rumor.... sell the news.....
When I think or hear a R/S is coming.... I never buy the stock..... never... never... never..
Do ur own DD on R/S's and change my views..... thx.... DaSteelGagger