Tuesday, October 27, 2015 7:21:27 PM
I have been following pennyscams for 30 years. While there may be an exception to the rule, I've never seen a pennystock do a reverse split and wind up with a higher adjusted pre-split PPS intermediate or long term. NEVER. Not once - in 30 years.
I'm shure sumbuddy will hunt upp one or two examples, butt I have never seen one in the penny Pink Sheeters. Rarely, they will have a 1 to 5 week rally, and then crumple. Usually, they crumple right ~OUTT of the gate or within a week or two. Three months down the road - they pretty much are all deeply below the pre-split adjusted PPS, often down to 1/1000th of the immediate post split price.
PPJE took only a few months to go from their last RS to No Bid x 0.0001 (0.000001) with zero volume. PLKD wasn't a whole lot longer to be down 90 percent from its last RS.
If NTEK does a 1 for 1000 R/S - I'll bet we see it under a dime post-split in 2-3 months. A 96 percent loss on a pre-split adjusted basis.
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