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Re: bamajoe post# 45466

Tuesday, 06/09/2009 12:02:27 PM

Tuesday, June 09, 2009 12:02:27 PM

Post# of 103302
A RS (Reverse Split) is bad for the company for a few reasons.

1) It will cost MONEY to do a RS, and right now the money is being used to pay the Lawyers, Engineers, and other staff to get the permit done.

2) LLEG does not have any profits (Revenue): right now we are sitting at a price of .0005. - .0001 is the lowest we can go (only 4 more ticks). If we do a RS or 1:100 the price will be .05 and there is plenty of room to go back down to .0001 killing the shareholder.

3) Any split is useless to the shareholder: if you have 1 share at $10 or you have 2 shares at $5 what do you have? The same amount of money. The only reason to split a stock is to get more people to buy. Look at GOOG now at $430 per share. Uninformed investors will think $430 is expensive, WHY buy 1 share at $430 but they think buying 10 shares at $43 is a better bargain. . . investing 101

4) RS on the positive side: Once LLEG has there plant in construction and the certainty that the plant is being built. We can do a RS because right now a lot of small cap mutual funds can not invest in sub penny stocks, so a RS will bring LLEG up above the sub penny mark and place us on their radar and we will get more investor support.

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