RE:RE:RE:RE:RE:RE:RE:RE:RE:Where Are All The Institutional Buyers?Whether a company is profitable or not is relevant.
Splits and reverse splits are not relevant.
If you can't understand something as simple as that, then you are doomed in this stock market.
Highwired7 wrote: The thing that leads to dilution after dilution is not directly the R/S or share price, it is the new lower amount of outstanding shares and heavy debt, hence the "rinse and repeat" meme. In a conference call last year, a caller directly asked if there was future consolidation in their plans and the answer was NO. If a R/S truely was irrelevent you wouldn't be one of the few here defending them.
Already said before, there is nothing preventing companies from diluting if their share price is under a dollar. They can just as well dilute at 2 cents a share. Reverse split isn't the cause of dilution, the company losing money and needing cash is the cause of dilution. When will people get it through their thick skulls that reverse split is irrelevant?
In the conference call they already said they didn't need to dilute to pay the 2018 debs when it comes due.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.gcm&postid=26228554#pwj91dRFtv134cZI.99