RE: RE: NewsThe last reverse split that I took notice of was Revett. It's a silver company. I was in the company's stock at the time and I remember people were very irate that they were going to do it - that was the rumour anyway.
The stock did very poorly while the idea was being thrown around, much like CDO. The reverse split happened and the stock behaved very well and went up considerably as a 4 dollar stock instead of a .40 cent stock.
I think this stock has been trading like the news has been out there for a while already, certainly the rumour was out there, even on this board.