RE:RE:RE:Bid at 26 cents'The best way to increase share price is to buy back stock and limit the float" ???
Disagree!
ROI's reality is that in lieu of bankable sales it's share buy backs and share consolidation threats and eventual excecution have resulted in generating over 10 years of relentess value reduction from 28 cents all the way down to a 3 cent equivalent.
dyodd
knowsjack
Pandora wrote: And a dissenting opinion:
When a senior member of the booster club mentions a reverse stock split on these bbs ,everyone better watch out .I mentioned several months ago that there was relentless dilution and XXX was going to have over 600million shares out .That idea was denigrated by the booster club ,but it has come to pass (and more).I also indicated several months ago that this would inevitably lead to a reverse stock split ,probably 5:1 or maybe even 10:1 .This is clearly on the cards.
For novice retail investors, reverse stock splits are nearly always bad news and destroy shareholder value .The best way to increase share price is to use profits to buy back stock and limit the float. RZZ is a good example of limiting the float and buying back shares, KL is now doing the same (buying back shares).