RE:RE:I have to admit I'm a bit surprised it's fallen this low butYes but the 1.5 cents was only available to people who owned the stock, it's not like you could sell at .03 and cycle back in for twice your position at half price. I think it's really a function of market cap post roll back and could the stock hold a price of $ 4.00, or $ 3.00 or even $ 2.00 and the market doesn't think it will and are giving it a $ 1.50 price. It might even go lower if the stock traded in .0025 ( one quarter of a penny ) increments but it doesn't.
I for one am not buying until I see how it will settle out .
RayTee wrote: the share price dropping is because the total # of shares will double. So the share price will drop in half.
Nobody is gonna buy shares at 4 cents when the company is selling them at 1.5 cents. That's why the share price has dropped.