Tuesday, June 09, 2020 10:38:15 AM
That's not true. No one is getting "screwed".
Any reverse split would be Market Cap neutral. So in your scenario, If we had a big contract announcement, it could go to $1 from these levels. After a reverse split, that same news theoretically should take the share price to $40. So instead of having 40,000 shares go to a dollar, you'd have 1000 shares go to $40. Make sense?
It's the investors that don't understand the fundamentals of a reverse split (or fundamentals in general) that are the most damaging of all. They tend to spread hysteria over things that are standard practice because they don't understand them.
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