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Atlas Financial Holdings, Inc V.AFH



TSXV:AFH - Post by User

Post by Organicdarton Jul 05, 2001 10:17pm
152 Views
Post# 3956768

5 for 1 Reverse Split (Roll-Back) Announced

5 for 1 Reverse Split (Roll-Back) AnnouncedUsually when a SPLIT is announced, the price goes up becuase of increased interets from the market (ie. can afford lots of 100. This makes expensive stock available to the masses. When a reverse split occurs, it happens its more oftern than not an attempt by the insiders to better control (ie. manipulate) an otherwise lack luster performance. It often is a condition of stock exchanges/regiulatory agencyies (ie. can have a share at par value 1/10000000000000000 of a cent - it cheapens the whole exchange) My guess it will be one more nail in AFH coffin. Glad i sold at .67
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