Post by
retiredcf on Feb 25, 2018 10:03am
Highly Unusual
Most microcaps (in this case, 28 million) that are doing well tend to do reverse splits to increase the value of their stock with an aim towards meeting the requirements to list on higher exchanges. So to do a 2 for 1 split at this stage is IMHO highly unusual. And I'm not sure I understand management's logic that a $0.54 stock is now going to be that much more attractive to investors than a $1.09 stock. Are they trying to cater to penny flipping daytraders? Anyway, I hope it works out. GLTA
Comment by
locoocho on Feb 25, 2018 11:37am
Reverse splits are normally a rinse and repeat function where they try and reduce the share count and are almost always followed by a price reduction.. forward splits are almost always positive and are followed by an up - price.. I agree 1.10 to .55 is strange but possible they want a higher share count as the plan will be to split the shares with the spin off. Just my thought.
Comment by
greenpasture1 on Feb 27, 2018 12:08pm
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