Smart Ventures Inc. (SMVR)

[johnmarcone100]

Why is it assumed automatic that all reverse splits are bad? Maybe in the near term, but in long term it could work out. There are precedents:

AIG did a reverse split in 2009 from $2 to $20 PPS, and AIG's stock is now $52.84.

CitiGroup did a reverse split in 2011 from $4.50 to $45, and Citi's stock is now $52.44.

So both are in the positive.

I don't see a reverse split as automatic doom and gloom. If Roger delivers strong CFG news, then we could be ok. If not, then I concede this will not be good.