Ecotality Inc fka ECTYQ

[mj12212]

While this shares issue is annoying, that is the only way they are even in business right now. This was a forced issue by their creditors. There were a couple people on the conference call saying a reverse split would kill them. These people do not understand splits.

For any of you that don't, if there is a 1 for 50 reverse split it simply means when you go to bed you own 5000 shares at .10 cents = $500 market value. When you wake up in the morning you own 100 shares at $5 = the same $500 market value. You position HAS NOT changed. This is often done on stocks like this to reduce shares outstanding and relieve the pressure on the stock. Also allows them to up list to nasdaq which is a good thing. Everyone should be hoping for this to happen.