NYSE:IVAN.WS - Post by User
Post by
BearBullBrianon Jul 18, 2014 10:09am
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Post# 22758827
Say no to another reverse split: It's a scam
Say no to another reverse split: It's a scamhttps://www.stockhouse.com/news/newswire/2014/07/18/ivanhoe-energy-t-ie-pushes-for-consolidation-to-maintain-nasdaq-listing
At the time of the last split I went on record saying that the stock would return to the price before the split, which is often the case for reverse splits of this nature. The "Maintaining the NASDAQ listing" excuse is a smokescreen. It's a way that stock promoters have of taking a failing stock to zero without appearing to do so. Having stripped current shareholders of their money, they look for fresh meat with what appear to be a respectable stock price.
Ivanhoe must now produce or get out of business and relieve us of our misery.
BBB