RE:RE:RE:RE:RE:Bombardier plans reverse stock split as shares divePlayerX wrote: IMHO, they should wait until positve news (ie: Order) is delivered before doing a reverse split. Penny stocks rise higher and faster with positive news compared to stocks with a higher unit price. ie: if an order is announced, the stock might double from current price level, but if it were valued at $10 for example, it would rise something like 15%
Is my theory flawed ?
I agree with your theory. However, it is very risky for BBD. If BBD does not release any positive news prior to the end of Feb, it may be removed out of TSX index. IMHO