GREY:VFGGF - Post by User
Comment by
bargnhillbillyon Jul 28, 2014 10:00pm
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Post# 22789363
RE:RE:2nd Qtr. Earnings Good V/S Bad
RE:RE:2nd Qtr. Earnings Good V/S Bad
An R/S is the last gasp before a stock dies. The stock (in most cases) never recover. It's just a temporary way to prop up a junk stock to make it look attractive. Example, PPRTF just had a 1 for 2 reverse split a couple months ago. I warned those shareholders on the yahoo board. It was about .06 before. Then went to about .12 at time of R/S then rapidly fell as they always do. Today it was .035 for awhile and shareholders have half their shares after the r/s. It's gasping for its last breathe. This would be very comparable to Pinecrest's price. Indirectly it RUINED the stock. Dilution was the wrong word but I have seen and been thru several reverse splits and it's always poison for the shareholders. My original post was to give all of us time to think about the consequences before earnings come out. Should the news be bad Pinecrest is just about the right price most r/s occur at.