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Re: MrGoldenRooster post# 23140

Tuesday, 09/23/2014 1:35:47 PM

Tuesday, September 23, 2014 1:35:47 PM

Post# of 23716
Forgive me. I think you are right. This has been pointed out before. I tend to forget that FPWM was something else before I dove in and that there had been a massive R/S here. I suppose there would be little point hanging on to one share after enduring what was likely a portfolio-poisoning event.... even if one had to pay a commission to clean it from the books.

As I sit back a moment and think about it, if I had a company that just went through a reverse split as severe as this, I would feel awful doing it even if I had good business reasons for doing so. The best thing I could do for those investors who hung on through the split would be to keep the float as low as possible so that perhaps some of those losses could have a chance of being turned around. The float is very, very low now.

Perhaps with Q3 being about done, the next quarterly can be produced without too much delay (assuming the new company's financial year is still on a calendar year.) Wouldn't a PR be great right about now?

Spock....standing by,,,,