Post by
martin95833 on Feb 02, 2021 9:23am
Reverse Split
Yep - the reverse split is as terrible as always. You get your shares chopped down to a third of what you had before, then the price just finds the same value as it was in the first place.
Comment by
Chipshot2 on Feb 02, 2021 9:45am
I beg to differ on this point. In 2016 Kincora did a 1 for 10 reverse split and the share price did not drop. Listen, I am as frustrated as anyone with what we are seeing but I'll keep coming back to the concept that the drop in share price is somehow tied to the ASX listing. The sooner the details get announced the better.