GREY:CHALF - Post by User
Comment by
clinch76on Apr 19, 2021 8:17am
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Post# 33020662
RE:RE:RE:RE:RE:RE:$1.38
RE:RE:RE:RE:RE:RE:$1.38 A split is neither good nor bad on its own. It is more a question of how new investors see it.
High number of shares at less than .10 cents a share or low number of shares at over 1.00 a share (today GLH would be .065x 23=1.49)
Either way the company is worth the same as is my share account. Many investors and funds won't touch penny stocks.
Only person this for sure hurts is anyone who plays the 1/2 penny moves. Movements in a day will now be able to be up or down by reasonable %, not an all or nothing. Walls of buy and sells will be spread out.