Seneca Biopharma Inc fka SNCA

[Japes1]

CHM-Don't think SEEL said anything about the 10x reverse. I said I didn't like it. While a reverse split has helped some companies, it can hurt others. I personally don't like them, because I have gone through them, on one I went from 5000 shares to 50, and many months later, the stock was constantly at the same upped price or down.
But mainly its a ledger accounting trick, the company isn't any more valuable. It's same value is being distributed over fewer shares. It can cause uninformed investors to suddenly see this major doubling or more of a stock as an uptick in value or rep to a stock, and if unaware of the split as the reason, put more optimism into the price. Just my pet peeve.