RE:Reverse Share SplitManagement just doesn't get it. Every reverse split I have seen have ended up giving the shorts extra room to destroy the company (hard to short penny stocks). What we will see is the share price go to $3.50 for a very brief period (measured in minutes or maybe hours) at which point you WILL see the price diven back down to 50 cents in no time. Management wins every time by simply giving themselves more shares for the stellar job they are doing.
All that has really changed in one person, the senior management and the BoD is much the same so we are being ruled by the geniuses who have stick handled this from over $20.00 to what it is today - less the few that went to TBE and ran that company into the ground where the share holders did not get one cent from the bankruptcy (fortunately management still received their multi-million bonuses and severence.
Sadly these folk are Joke and they will keep at the reverse split until they get what they want - just don't fool yourselves that they are doing this for our benefit - that is the furthest thing from any of their minds.
Rusty