Post by
blpxx on Jan 20, 2014 10:44am
example of a reverse split turning out to be a good thing
IDT did a reverse split in 2009. Immeadlitly it started to rise going up into the high 20's . They also continually paid dividends. Then had two spin offs . IDT trades around 17.00 now. Spin off STraight path trades around $ 7. Spin off Genie energy is around 10.00 .
Complete opposite:
RHXI's reverse 's the stock ,then it collapes and then gets delisted and falls offf the map!!!!!!!!!!! Havnt heard from the company in years and there is no way to get in contact with the company .