Pilgrim Petroleum Corp. (PGPM)

[blackshirej]

Over 90% of companies, especially those in the OTC, who reverse split end up dropping to pre-reverse split levels shortly after.

There may be a small chance it wouldn't but I trust statistics and wouldn't want to chance it. Plus if they bought up and retired that much of the OS, there would be no need at all for an RS as the share structure would be very nice as is at around 300 million shares. A 1 for 10 RS would put the OS at 30 million shares. This thing would be extremely volatile to trade with only 30 million shares in the OS.

A buyback is plenty and doesn't have the failure rate of reverse splits.