HelpHi,
May I please get some honest explanation of what is going on? No pumpers or bashers please.
I am not faulting the present management. We all know who the culprit was. I, like many of you, have ended up holding a bag of worthless shares. But I am wondering now about the split.
Why divide this little penny co, duplicating the work and incurring additional expense, when the share price is already a few pennies away from 0? They sometimes split a co into 2 in order to increase the value of each company. But how is that going to benefit a penny co? Are we going to end up with each company worth $.065/sh?
As for consolidation, from my sad experience, whenever a co consolidated, it never achieved the pre-consolidation price. If it consolidates 10 for 1, in a few months it will be trading at $.13!
Any ideas? Thanks.
N.