dffhogs, You're right, but a 1:20 is not so bad IMO.
At least they're not trying to delibertly kill off the shareholder base.
I am currently arguing with the hypsters on another forum where a 1:500 R/S reduced my $2340 investment down to $9.80
And now it's happening again. It is so obviously a pattern dilluter, it is what I call a "Dilution Pig". Oink, Oink!
It remains to be seen what is going on with Challenger. It seems to me that since the new mgt team took over they have treated the shareholders pretty well by keeping us informed, etc. At least they haven't disrespected the shareholders with lies and massive dilution. And they are selling boats while expanding their territory with new distributors.
I am willing to give this company the "benefit of the doubt" on this R/S. But it was definately a slow mover before, so now it is at dead stop. OUCH!
If the PPS does fall down as you have suggested by other examples, then I will be Loading the Boat here (no pun).
Good Luck.
VV
