InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,304.72
(
0.70%
)
US TECH 100
18,318.00
(
0.95%
)
Dow Jones
39,069.59
(
0.01%
)
Brent Oil
82.85
(
1.06%
)
Bitcoin
69,562.16
(
1.54%
)
Post# of 22012
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

stock2windaily

Send PM Follow Ignore
Followers 48
Posts 9663
Boards Moderated 7
Alias Born 11/25/2006

stock2windaily

Re: FLORIDAGRL post# 21731

Thursday, 05/14/2009 7:10:13 AM

Thursday, May 14, 2009 7:10:13 AM

Post# of 22012
No problem - after doing some more deep reading - I am scared - LOL!

Looks like they may do a reverse split of 100:1 - in the future - to maintain their listing with the NYSE - it's not certain - but they refuse to be delisted. The benefit would be that would make their stock $100.00 per share - and the float would be reduced substantially. The other benefit is that Mutual Funds and Hedge Funds would be more apt to consider buying them.

They also expect 60 billion additional shares of common stock - after they convert all the preferred shares.

In a positive note - we can flip it for now - it has the volatility. Accumulate during the lowest points right before the R/S IMO!

My post are opinions only - Please do your own due diligence before investing.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up