Saturday, December 09, 2017 12:03:17 PM
Increasing the A/S doesn't do us any good, but a R/S doesn't cost shareholders anything until what-follows-the-reverse-split occurs. Many times the stock continues to drop because the bottom has been moved and that's how they get their bad reputation.
But they are a company's easiest route out of an ugly pps. Some times they are the ladder to gaining a listing in a better market.
Reverse splits are an example of six-of-one-thing and a half-dozen of another. Your 1M shares @ .0001 become 1,000 shares at .1 but your value remains $100 and it's easier to sell shares at a dime than at one-one-hundredth of penny.
I was caught in SFOR and rode it to the bottom and suffered a 1/1000 and 1/650 r/s which helped me. The stock no longer looked like a POS OTC scam (judging from its pps) and we climbed out of the hole and eventually make a nice gain.
What I'm pointing-out is that it's the motive for the R/S that matters. And that STOP SIGN keeps investors away.
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