kramaswany - why?why respond to the stupid post about "reverse split"? You are too intellingent to get gulled into responding to dumb posters. Your explanation is spot on and the other poster has (have) no clue as to real world of financing.
They are the same people who, when a stock goes down 50% one day and up 50% the next still believe that they are back to the same level before the drop, when in fact they are sitting on a 25% loss. Its like a finance officer who worked for me on a major Can$ / US$ swap who said "is Can$ is at 80 cents us, then I have to pay $1.20 canadian for a US dollar". I knew I was in trouble when I heard this explanation. Same with the nonsense on consolidation and on the super intelligent posts of "should never bought the mines from Glencore, should never have done a buy back... etc, etc." My only answer to them would be "your parents should have practiced more effective birth conrol"!