GREY:BLKCF - Post by User
Post by
retiredcfon Feb 25, 2018 10:03am
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Post# 27616683
Highly Unusual
Highly UnusualMost microcaps (in this case, 28 million) that are doing well tend to do reverse splits to increase the value of their stock with an aim towards meeting the requirements to list on higher exchanges. So to do a 2 for 1 split at this stage is IMHO highly unusual. And I'm not sure I understand management's logic that a $0.54 stock is now going to be that much more attractive to investors than a $1.09 stock. Are they trying to cater to penny flipping daytraders? Anyway, I hope it works out. GLTA