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Saturday, January 10, 2015 7:17:55 PM
What is certainly easier to achieve more than a 1000% day or one week run at the last minute, or an R/S that results in a nonsensical SS, is letting the market push it to a penny for at least ten days when you are getting record volume and attention. An r/s is useful when the O/S is high not low and closer to the max A/S. Does that make more sense?
Anyone else want to correct me on that? Plenty of room in the A/S left. Why R/S anytime soon when the pps wants to go up? This is not .0001. We will get them their penny and they know that. Why would they stop that? Folks are willing to push it to a penny so why would the company bother with a r/s just for a higher pps when they could have had it on Friday?
"For example, in a reverse 5-for-1 split, 10 million outstanding shares at 50 cents each would now become two million shares outstanding at $2.50 per share. In both cases, the company is worth $5 million."
http://www.investopedia.com/ask/answers/113.asp
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