Guided Therapeutics Inc (GTHP)

[Zeppo]

I can recall, over the past 35 years, only a couple of instances where reverse splits worked out to the benefit of shareholders. The initial reason for invoking a reverse split is for a company to get its stock price up in order to retain its NASDAQ listing. The problem usually arises when company revenues are not there to support the higher price, and the stock begins to fall again. The reverse split by itself is a monetary wash, but the redeeming of shares wipes out small-medium sized shareholders along the way. GTHP is a perfect example of all-of-the-above.