Oi S.A. (OIBR)

[iheartweimers]

My experience with reverse splits hasn't been good. Usually
It takes 3 business days after the effective day of the split
for the shares to be received in at my broker (Scottrade) in
order to "settle." Meanwhile insiders dump and by the time
I could sell the stock has lost 50% of its "new" value. If the
problems that caused the RS in the first place are still there,
the stock will keep dropping below the threshold price of the
exchange and nothing is gained. Then they file a Chapter 11
and they shed their debt by issuing new shares and retail
holds the bag. It might be best to sell at a loss just before
the effective date of the spilt and buy back a week or more
after. Wish I knew the answer.