InvestorsHub Logo
Followers 239
Posts 12007
Boards Moderated 0
Alias Born 08/14/2003

Re: savagess post# 379

Friday, 07/24/2020 9:34:37 PM

Friday, July 24, 2020 9:34:37 PM

Post# of 448
The question is, if the dropped the reverse split, wouldn't the share price run to over $1 saving the need for doing it. I believe it would, and it might very well do it if they lose the reverse split vote.

This would not be the first time I've seen investors turn down a reverse split, but I don't know how many shares management has control of. In some companies management has sufficient control that votes are just a formality they must go through. I don't know what the case is here, anyone care to comment.

Gary