Thursday, October 18, 2007 1:53:08 AM
TSXT as the hangover relief guys peaked at 84 cents or so in June of 2007 just 3 to 4 weeks after the reverse split of 1 for 1000. I called the T/A and confirmed this but I think the number more likely was 1 for 100. So, if you bought just prior to the R/S you could have got the stock for a dime a share. If you sold at the peak which lasted one day you would have 8 times your investment.
The price chart can be found here:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=TSXT
If you waited until August you got less than 30 cents/share
By September the stock had hit a low of 5 cents. Last week a new post R/S low of 2.5 was hit.
Buying now will save you nada. You do not lose value or gain value by the R/S, you only reduce the number of shares you have.
The value stays the same. For example: if you have 10,000 shares now and they are selling at .05 they are worth $500. After a R/S of 1 for 20 you would have 500 shares @ $1 each worth $500, The same as now. The price after the R/S did not change much until 3 or 4 weeks later when the pumping campaign
hit full steam.
Ready for a quick ride? Remember to pull the cord to your chute
before its too late or you will make a sound like "SPLAT"!
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