First off when a company announces that there are going to preform a reverse merger with a shell 9 times out of ten they will never ever come to fruition.
Swordfish Financial (SWRF) Announces its pending merger Partner, SoOum Corp, Recently Executed Two Trade Contracts in Excess of $6 Million Annually http://www.otcmarkets.com/stock/SWRF/news
No reverse. A reverse action and any increase/deacrease in authorized shares needs a shareholder action.
The CEO of SWRF, Susan Sjo, and CEO of SoOum, Will Westbrook also jointly announced that they have no recapitalization plans in the foreseeable future http://www.otcmarkets.com/stock/SWRF/news
A share buy-back program is being discussed based on a percentage of qtr revenues, no decision has yet been determined on the context and/or time of such an agreement. (Per email I received)
SWRF Reverse Merger Penny Stocks That Have Made Huge Gains Penny Stock Trades The thing that makes reverse merger penny stock plays so profitable is that many of the shell companies that are the bought out in reverse mergers trade at extremely low prices before stock market participants find out about the reverse mergers. Many shell penny stocks sell for less than a penny. This means that when a trader buys shares of a shell company before a reverse merger, they can buy a large quantity of shares at extremely low prices. The large number of shares purchased at a very low price point can turn into tremendous profits, once the reverse merger is announced and the stock increases in value.
The following are some examples of reverse merger penny stocks that made huge price moves and provided big pay days for penny stock traders. Keep in mind that these are the cream of the crop, and represent the great potential that reverse merger penny stock trades provide.
LFZA(USSE) made a move from .0002 to 0.84. A 419,900% increase in price.
SXML(AMRP) made a move from 0.03 to $50. A 166,566% increase in price.
CYBR made a move from 0.001 to 0.50. A 49,900% increase in price.
DEXTQ – made a move from 0.0005 to 0.21. A 41,900% increase in price.
CKXE(SPEA) – ran from 0.10 to $30.60. A 30,500% increase in price.
OBDP(VQPI) – ran from 0.006 to $1.50. A 24,900% increase in price.
PKTO(USAC) – ran from 0.0002 to 0.049. A 24,400% increase in price.
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