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Wednesday, March 11, 2009 11:42:19 AM
Regarding a reverse split, the percentages for the financing are understandably the same regardless of shareprice but factor in the thought of fetching more money now or down the road without increasing the shelved shares, attracting new investors not so eager to purchase a penny stock with a large allotment of outstanding shares...perception of value, extending the floor of zero while reducing risks of delisting or going to the pinks. I think there are other benefits to offering a financing of less shares at a higher share price rather than a large share offering at pennies. If positive news follows the financing, rd deal or sa data, the precipitous drift after split should be halted or at least recovered. Maybe I'm just looking at it wrong but it seems more probable to me to do the split then the financing.
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