The Valens Company Inc. (VLNS)

[mauiguy2]

Today's action is the perfect example of why I really dislike reverse splits. Using post reverse split numbers, the stock closed at 4.83 last Monday on the 15th. Then, the reverse split date was announced. VLNCF immediately took a big hit. A week later now on the 23rd (the first day that TDA members can trade since the reverse split), it's now sitting at 3.80.

Long story short, it's already dropped a full dollar in value from 4.83 to 3.80 since the split was announced. I don't like reverse splits!!! This sort of stock decline after a reverse split is not unusual at all. Instead, it's rather typical. Ugh!!