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Saturday, July 28, 2018 11:00:49 AM
Now we are in agreement that pps will go up after r/s. But then your statement about institutional investors only buying shares after r/s so they can sell into market for profit doesn’t make sense. Wouldn’t the institutional investor be buying the stock at the r/s current price? Ok let’s assume they get discounted pricing but even at that based on what your saying about stock going down after r/s means the institutional investors still wouldn’t be guaranteed a profit in the market because as you say pps will drop soon after r/s cause everyone will dump.
Remember the company has a goal to get up listed and that cannot happy with pps in the pennies. The fastest way out of that would be a r/s and then hope that the company has things in the pipeline to backup and justify the higher pps. I think too often in otc people over react when they hear reverse split. Yes sometime scam companies abuse it but there are positive reasons to do r/s. We know definitely RNVA is not a scam company, maybe poorly run if anything.
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