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Thursday, October 02, 2014 10:26:09 AM
Organovo is a great example. Shareholders didn't lose their minds and sell. The potential in the company didn't change. If you didn't panic and held your shares at the time you saw fewer shares but the same market value. It has lost value recently but that had nothing to do with a reverse split.
Your percentage of the company does not go down with a reverse split. There are more requirements for uplisting other than the share price. If all the other boxes are checked and share price is the last box needed, I would say go ahead. What is the great advantage of sitting here in the pinks.
I hate to tell you, but six figures in this stock is a small retail investor. Whether you're buying $500 of $0.12 stock or $500 of $3.00 stock is irrelevant. You still own the same percentage of the company and still pay the same price for it.
"I like long walks, especially when they are taken by people who annoy me"
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