Good point big orange, it could be exactly that situation at this time. I haven't had a chance to look at the trading the last 2 days -- are the low offer prices coming from different market makers or the same one? For awhile they were coming from just one, CDEL.
I agree that there often is a knee-jerk reaction to sell when a company announces a reverse split, especially one with such a large ratio as this one.
I believe that FTE management has taken this situation into account with respect to determining the timing of the announcement of the reverse split. Have the RS announced 2 weeks before they announce a very good earnings report, so that the weak holders who "do not have any confidence in the company" can get the heck outta the stock now, before the good news comes out. Hopefully in conjunction with 3Q earnings they also put out some earnings/revenue guidance for 4Q, which ought to be pretty good. Hopefully they also have one or more stock analysts lined up to initiate coverage of the company once it gets on Nasdaq.
The company has been unable to increase the price per share of this stock, that is a given. Is that because the company has not grown, and grown profitably, or for some other reason?
