North Bay Resources Inc (NBRI)

[Monroe1]

Reverse split is always negative but not always a done deal. Plus there are times when it works out like it is meant to. It all depends on the company growing and what's in the hopper. I have ridden a few to great heights and lost a few to know that there is no fast and regular rule as to what happens despite the gloom everyone harps about.

Scenarios like this one I have witnessed where the rs is not acted on and later is canceled. Why? It gives time for the CEO (et al) to gather more control by a few different means...very friendly or personal loans, negotiation for preferred shares and control, common accumulation by insiders. Then once accomplished the rs vanishes by stroke of pen, or not, but with other great news to follow or accompany a rs that sends the pps skyward. Been in a few of these.

So to me, adding at this super bottom is easily worth the risk. As they say, "let the buyer beware". As I say, try not to leave the seller crying too hard. Each to their own.