PSYC Corporation (PSYC)

[TimeItRight]

That would be horrible. We need a straight buyback and not reverse stock split. That is usually blood in the waters, smoke and mirrors.

Most companies that do that drop first week to up to 3 months. Shorting also increases. It is hard to also regain past losses if the beta changes as a result.

A lot of companies also do it to prevent delisting. Gohe/MTrac is on OTC Pink, so there isn’t a fear of that. To stop listing on Pink, all of the dealer-brokers have to stop quoting it.
Although, they could do it to help with staying in the other two OTC markets once they uplist.

This isn’t cleaning up the stock, it’s screwing over long time investors if it happens.