RE:RE:10 for 1RDK241t wrote: Newstock44
What's happening tomorrow that would make it exciting?
With the news that the 10 for 1 rollback will take effect at the opening of business on Thursday the 9th this should be a good day for investors to jockey for position.
The rollback will round down shares so if you own 99 shares currently, you will have 9 shares post-consolidation. There should be some repositioning that will take place as a result. Some will be purchasing more to get a round lot, others will sell so they do not have an odd lot, etc.
Of course, the big thing will be that institutional buyers that because of the current share price were unable to purchase shares in this company, will now be able to purchase these shares. I suspect that a few mutual funds will be buying throughout the day to position their holdings.Because this part of the market has been unable to buy, they will now be able to do so efffective the beginning of business tomorrow. It is possible that we may see a pop in the price as a result of pent up demand.
We know that a dividend will be coming in the near future. This is step one in the process, which will also allow larger institutional investors to purchase this company shares. Some of these funds cannot purchase companies that do not issue dividends and/or trade under $2.00 per share. These barriers have now ome down.
This should be a positive in terms of share price. If there is any short interest in the shares, I suspect many of these shorts will be covered tomorrow as well.
Should be an up day.