CYduct Diagnostics Inc (CYDX)

[slazenger7]

Really? Here is the reason the company gave for past Reverse Splits. They are EXACTLY the conditions the company could give for a Reverse Split today. Pay particular attention to this part of their R/S reasons -"to position the Company to be more attractive for investors, enhance shareholder value, and attract possible acquisition candidates." and to this part:"to better reflect the Company's earnings as compared to other companies in the medical equipment market."

"Solos Endoscopy is pleased to announce that the Company has completed its reverse stock split of 5,000 to 1 and will be operating under the new symbol _ _ _ _. The Solos Endoscopy Board of Directors approved the stock split and capital restructure as a means to position the Company to be more attractive for investors, enhance shareholder value, and attract possible acquisition candidates. The capital restructuring will also help to reduce the market volatility that Solos Endoscopy shares have experienced, and to better reflect the Company's earnings as compared to other companies in the medical equipment market."

http://ih.advfn.com/p.php?pid=nmona&article=26742191

Isn't the company seeking a merger candidate, something the company and others here have been touting since last year? Isn't a Reverse Split something the company says will help attract acquisition candidates? If the company thought a 1/5000 R/S was going to "enhance shareholder value", they certainly couldn't have had their pre 1/5000 Reverse Split shareholders in mind. So much for the company actually giving a hoot about present shareholders. This is a company addicted to Reverse Splits. They will do another R/S in a heartbeat if they feel it will help the company, and current shareholders be damned!

SNDY consistent schedule of Reverse Splits:

Security Notes:

- Capital Change=shs decreased by 1 for 5,000 split. Effective date=9-26-05
- Capital Change=shs decreased by 1 for 100 split Pay date=01/16/2007.
- Capital Change=shs decreased by 1 for 5000 split Pay date=05/29/2008.
- Capital Change=shs decreased by 1 for 2000 split. Pay date=11/24/2010.

http://www.otcmarkets.com/stock/SNDY/company-info