Monday, March 09, 2015 5:28:11 PM
My understanding of the upside of this is that investors who won't touch sub-penny stocks might actually take a look at a stock with a $.60 price. Hopefully, some would invest in the company and its technology, and drive the price higher, making everyone money.
It also provides an opportunity for less responsible management to start selling shares at the higher price (dilution), making money for themselves, but driving the price back down to its pre-split price, killing the original shareholders along the way. (In our example, now you would have 1000 shares at .006, turning your $600 into $6.)
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