Here's my problem with the RS...
I'm greedy.
We all invest in pinks for the chance of making a fortune.
I have 500,000 shares of GNTA, and if this thing hits 10 cents my investment is worth $50,000. With the right news I don't think 10 cents would be that difficult to reach (I am talking about an FDA approval).
After a 100 - 1 split... I have 5,000 shares... and in order to make that same $50,000... the stock would have to hit $10.
Is it just me or does a stock going from $1 to $10 seem MUCH LESS LIKELY than a stock going from .01 to .10?
Is it just me?
I am asking because I really don't pay attention to stocks that cost more than .10 so I don't know if $1 stocks can run $1000% in a week the way the pennies do.