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Saturday, September 01, 2018 12:41:41 PM
But if they're silent, then this will turn out to be the shitty deal for shareholders that it looks like it is at this moment.
The funny thing is, the stock will likely go to trips on Tuesday, and the pps after the split will not be much higher than it was at close yesterday. Yes the structure will be tightened up, but liquidity will be nearly gone.
If there is a merger, acquisition or other big announcement on the table, they need to come out with it right away if they want to prevent their reputation from being anything but that of penny stock fraudsters.
But if they stay silent, I will be all over FINRA with documentation and a list of reasons why they should deny the split, and I encourage other shareholders to do so as well so that our voices are heard.
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