GREY:WEWWF - Post by User
Comment by
uranium08on May 13, 2014 10:59am
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Post# 22555121
RE:RE:RE:RE:Q1 Results
RE:RE:RE:RE:Q1 Results"putting lipstick on a pig" lol
google if reverse splits EVER work...lol
the only thing that will get this stock to move is if they get rid of the CEO! Anyone that thinks otherwise is being paid off by him. he is what is holding thic company back and just look at his track record. he is a joke in the indistry and everyone is laughing at him behind his back.
all in my opinion and insert forward looking statement here.
from the internet:
"...PLENTY OF UNIVERSITY STUDIES suggest that, unless a company makes significant operational improvements, doing a reverse split is simply putting lipstick on a pig...
...They found that, after the first year, the split shares underperformed comparable unsplit stocks by 15.6%, on average. After two years, the cumulative underperformance was 36%; after three, 54%. And stocks that were reverse-split after they had slipped below $5 (as Citi's had) were likely to underperform twice as badly as those split above $5."
all in my opinion and insert forward looking statement here.