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Re: Wayne R post# 103256

Sunday, 08/09/2020 4:39:25 PM

Sunday, August 09, 2020 4:39:25 PM

Post# of 112647
Yes, Clearly the 1:750 reverse split at the end of 2019 did just that. Say the price dropped deep into the trips this time and had only 350 million outstanding shares. The company could do a reverse split,pop the price to say a dime. Then promoters could point to the very low outstanding share level and the nice low relative price per share and argue that the stock is way undervalued. That will work as it does now because so many traders don't look at the history with the critical view they should.
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