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Clancy

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Clancy

Re: herbietheloveblog post# 9246

Tuesday, 09/19/2006 3:08:10 PM

Tuesday, September 19, 2006 3:08:10 PM

Post# of 29237
The reason nobody likes reverse splits is because it becomes very difficult to have the same kind of percentage gains on your investment.

Last week, we gained close to 90% in one day. At one point in time during that day we were up over 150%. Those kinds of gains will not happen when we're over a buck.

Today, I can get a 100% return on my investment with each 6 cent increase in the PPS. That can easily happen in one day. After the 1-12 RS, the same thing will now take 72 cents!!

I'm looking forward to reading JB's PR when it comes out. Maybe there are some offsetting benefits I'm not considering. But I am also wondering what this does for the dividends.
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