Astra Veda Corp (ASTA)

[JC8484]

A reverse stock split in itself is not necessary a bad thing.

The below summary I found (Google) gives a decent summation:

Bottom line, a reverse split isn’t necessarily bad. As with any announcements that affect a company’s share price, reverse splits need to be analyzed thoroughly to determine if they are simply a desperation measure or a well-thought-out maneuver to create long-term value for a company. Just be aware of the negative connotations that accompany reverse splits—fears that often send investors fleeing.

The below is a link that goes over reverse stock split definitions/pros/cons:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23624145