RE:RE:RE:Anyone care to predict reverse share buyback??wyndewest wrote: Thanks for your answer Abbott. You are correct. BUT we all know a reverse split is coming. For example: if it's 1 for 400 shares, I probably shouldn't bother with my rights offering. I would say my limit is more like 1 for 100. How sad for the longs...
wyndewest it is a sad day for the longs indeed. If you DO decide to stay with the company and can afford it, excercising the rights with new money is the ONLY way to effectively lowering your cost average (i.e if the company grows in the future=market cap increases, your investment will become profitable faster). Don't worry about reverse spilt. They do not change the market cap.