China Liaoning Dingxu Ecological Agriculture Development, Inc. (CLAD)

[DesertRat1]

$20 per share will mean nothing to investors who owned stock before the two splits. The price will have to be $75 per share for those investors to break even. If someone bought 10,000 shares a year ago and suffered the 1:20 split and then the 1:15 split they would only own 33 shares. They won’t care about $10, or $20, or even $30 per share. They have nothing left.

Chin was stupid to allow himself and his consultants to convert their shares in January 2015 at $0.10/share after the first split. He thinks everything can be fixed by reverse splitting the shares again after his big mistake. The problem is no new investors will bother with the company knowing such a fool is running it. Who would invest in stock that the CEO keeps splitting? Nobody.