RE:RE:RE:RE:RE:RE:RE:LTD - $4B is realisticPablo, historically speaking reverse splits are a horrible move and will be here too. It will crush any investor over $1 and there are plenty. Reverse splitting to get the stock over $5 so big funds can start buying would be an advantage, but in the case of BBD they still have an image and trust problem that they need to address. Simply reverse splitting would invite shorts to pile on.
PabloLafortune wrote: Johnney, its just my opinion. main thing is, a lot of investors don't like to invest in "penny" stocks - they associate high price with success (Amazon, Tesla, etc) and penny stocks with going out of business. There are also many rules (margin, etc) that disadvantage penny stocks. Also, the way Bombardier sits (or was sitting) at 59 cents bid and 60 cents ask, it benefits the big players not the little guy who can't buy at 59.3 cents for example (and thus easier to manipulate too)....Reverse split 10:1 and you get $5.90 to $6.00 - effectively 10x the granularity because the small guy can buy in 1 cent increments (or .1 pre reverse split). Just my opinion (not a popular one obviously).
johnney wrote: Pablolafortune, you said on your post that you experianced the reverse split about Precision drilling a 20:1 reverse split, i went and checked on google and saw that when they reveresed split the stock,they dindn't even have 300M shares outstanding! What do you think the Bomber with more than 2.1B of B outstanding, at $0.60, don't they have much more chance to reverse split their stock! Precision Drilling did it it below $1.00, and 7times less shares!