GEMXX Corp (GEMZ)

[Midwestrader]

Reverse splits amount to SEC sanctioned THEFT from shareholders. In this case they can STEAL 4,999 shares out of each 5k owned by shareholders and that part is guaranteed by the RS. In return you get a pps that's 5,000 times higher with NO guarantee it will stay there for more than one second after the opening bell and nearly ZERO notice of an upcoming split.

Shareholders should be notified in PR through EDGAR,OTC Markets etc with a minimum of two weeks notice of the split for shareholders to make their OWN decisions.

I got caught in one of these in 2012 and got royally RIPPED OFF and vowed to never have it happen again. That's why I try and notify peeps a day in advance of an RS if possible.