Auscrete Corporation (ASCK)

[piker86]

The reverse split itself would probably help the stock in the long run, after the sell off that usually comes immediately after a reverse split. But the stock price will be dragged down as long as there is uncertainty about how much more dilution through added shares is still to come. We know the dilution isn't totally over, but the most toxic or dilutive notes have been cleared we are told by the company. Not a real clear story on the status of that.

After they submit their building permits and get approval to start building the stock will gain some momentum. Maybe after the first report showing revenue close to their projections the stock price will get high enough for financial institutions to start buying. Most of them have limitations against buying penny stocks for their funds. That is how the reverse split will help, opening the stock up to being bought by larger institutions, but right now at a dime a share or less it is still not high enough, even after the 1000 to 1 reverse split.