Reverse Split ExperienceMy only personal experience with reverse splits was on a company that did a 200:1 split. In all fairness, the stock was a penny stock (@ $0.05) and had been struggling for a few years, but the upside potential was interesting. The reverse split took it to $10.00/share. The reasoning for the split was similar to FCU's, in hoping to open their trading to amercan markets and increased interest. Upon the date of the split, the stock started its race to get back to the pre-split price. I bailed about half-way down on its free fall to the bottom. That stock is no longer listed I believe.
Am I a fan of reverse splits? You tell me! :(