GREY:NEVDQ - Post by User
Comment by
alvarez2on May 06, 2021 5:45pm
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Post# 33148662
RE:Stock Split
RE:Stock SplitJohnny599 wrote: If the company does a stock split, does anyone think the price will crash after? I like this compoany, but I keep getting burned in penny stocks.
It's a "reverse split" or otherwise known as a "share roll back " or "share consolidation".
Consolidations are most commonly used by public traded companies, particularly when the companies share price has fallen so low, and wants to prevent a delisting of it's shares or attract more investors. It's definitely a sign of a struggling company so beware. That's why I laugh when someone mentioned that this would be listed on the NASDAQ or NYSE............not going to happen.