AmazingI am amazed that they actually proceeded with this rollback. Unless they are doing it to facilitate a very significant transaction, liquidity will be even worse than before and the stock price will drop. Not one single person in the capital markets with whom I spoke, all experts, could understand the reasoning for this move. Like me they were baffled.When I told them reasons cited by management, they said it makes no sense whatsoever. I hope I am pleasantly surprised by some blockbuster news.
Management cited one of the reasons as being a lethargic response to the stock with all the great news that has been released lately. Well, the story needs to be marketed to bring buyers back into the stock and improve liquidity. It won't just happen on its own.
How will a huge rollback help the stock. It is now bid at $6, the equivalent of $.06, a 52 week low.
Amazing!!