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Re: gosox12 post# 43275

Wednesday, 01/31/2024 9:17:06 PM

Wednesday, January 31, 2024 9:17:06 PM

Post# of 43744
Accounting gimmicks like reverse splits almost always f*ck small fry investors out of a chance to secure transformative income not easily obtained by working 40 or more hours weekly at a conventional job. So if an investor had 100,000 shares and thought he had a chance to pay off his house when the stock price bloomed, a 1:20 reverse split would pretty much kill that...And if they held 20K shares a fractional split like that would leave him with a paltry total of a thousand shares...I think I'd lose my mind...But instead of growing the stock organically bulletin board companies do cheap corner cutting stuff like that all of the time...