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Saturday, January 17, 2015 7:40:08 PM
http://www.plugpower.com/News/PressReleases/11-05-19/PLUG_POWER_ANNOUNCES_1-FOR-10_REVERSE_STOCK_SPLIT.aspx
What is interesting about that split is that they had to do it to maintain the 1 dollar basis of the NASDAQ Capital Market to stay listed on it. To me it looks like they pulled off the RS because they had to do it to stay relevant. Then they fell under a dollar for a long time and rose an incredible amount in a span of 5 months starting November 2013. Cramer then came out and said it was a bubble waiting to pop and it crashed way back down to the value it is today, 2.67. PLUG did a RS for a different reason than SLTD I believe. As much I want to hold on to a high share count, I suppose uplisting quickly is a reason to RS. Who knows if it will be good or bad. I think the important question is still if SLTD is going to maintain itself with the growth and innovation we saw in 2014.
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