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Alias Born | 09/09/2010 |
Friday, May 29, 2015 12:55:44 AM
Without fundamentals (revenues and earnings) to support the higher post split stock price, a reverse stock split usually just results in a decline back to pre-split stock levels. It actually helps the shorts and the high frequency machines!
For example, a 1 for 10 reverse split of a .10 stock results in a $1.00 stock that then will quickly decline back to .10 per share.
"All Hail the Rip 'N' Squander"
Management and the board could better spend their time reducing operating costs and pursuing revenues and earnings.
IMHO - Tomcat
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