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Re: J-mak post# 22489

Thursday, 05/28/2020 3:58:35 PM

Thursday, May 28, 2020 3:58:35 PM

Post# of 24682
Revers splits are typically negative for shareholders because the company will then dilute down again. If there is no news/ structure to sustain the new price it will drop down to its current price again over time and you will own even less shares at 0001. That being said, look at ACB who just did a R/S and trying to build off of it now to sustain and progress which increases the value of your new shares. I have to disagree that doing the R/S right now would help shareholders in any way. If they did that then everyone would just sell right away to get out and it would drop all the way down again. The fact that they could just R/S with no care for shareholders makes me hold on to the hope that there is still more to come with this.
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