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Re: Uncle Gee Gee post# 19140

Monday, 09/07/2020 1:10:44 PM

Monday, September 07, 2020 1:10:44 PM

Post# of 44690
Because in most cases a reverse split will lead the shareprice down. Usually back to the exact same level it had pre-split...
Look at that downturn for the stock spoken about here - HGEN - lost about 50% in just a week or so...
RS is a desperate last measure to take that is best avoided. Moreover it does not change the market cap initially and this is what professional investors look for if it is bloated or sustainable!
Only daytraders in pennyland can come up with such absurd ideas that that the number of shares has anything to do with price discovery.