Sunday, January 18, 2015 12:45:02 PM
It really doesn't matter what the price is after the reverse.
First, they screw odd-lot holders. (meaning you have 2,500 shares, you'd normally get 2.5 shares in a 1,000 for 1 reverse, but they will erase 500 shares and give you 2. So even if it's at $2, your position was decreased because your ownership share decreased.
Second, and more importantly, they will issue a ton of new shares, and that will drive the price down. Ultimately, you'll see trip zeroes again, only you'll have a much, much, much smaller position then.
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