RE:RE:RE:Reverse split is coming soon
someday2 wrote: WHAT.......You suggested a 10 to 1 ??
Wouldn't that be aweful hard on the folk that bought between 2 and 3 bucks?
The reverse split just changes the image not the nuts and bolts... 10-1 just means your $2 & $3 looks like $20 & $30 on a then $5.60... your $10,000 purchase price is still worth the same % of ownership pre-reverse split and which means your still down the same percentage on your extreamly poor call to buy at $2-3 lol... The horrendous investment decision is what's hard on the folks that bought on a $2-3 valuation, not the split.
I don't see a reverse split coming myself (but it may) but it's not that big of a deal...
Also to those funds/institutions that can't buy penny stocks, they also usually have a market cap provision also, so the reverse share split does nothing to help the market cap size, so if you can't buy a stock that trades at under 500 million cap, the reverse split does nothing to make that acquisition palatable... Usually a reverse split has more to do with exchange requirements rather than attracting institutional investors...