Thursday, August 31, 2017 11:00:18 AM
they initiate a reverse split to give room for further losses in share price.
A continual downtrend enables the company to (wash out) current shareholders for future shareholders
A reverse split is never good for shareholders
it means that because of lack of interest and dilution the company decides to do a reverse split or become insolvent and illiquid.
it is highly unusual for a company to do a reverse split with no toxic debt and cash on hand
It signals the companies directors aren't interested in shareholder value and usually indicates contentment by the officials to devalue shareholders holdings.
Very seldom does a reverse split advance the goals of shareholders it advances the goals of the company and its officials while arresting the goals of shareholders.
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