I think the big thing that a lot of us have against a RS is this:
When we bought in on the ground floor at say .02, we were looking at the future potential of this Company, and because the price was so low we were able to buy a ton of shares.
If a person had 3 mil shares at .02 and the Company succeeded and rose to $5 per share, then in essence, they made $15 mil.
But after a RS they would have 30,000 shares at $20 (using .20 as a current price), and if the stock goes up $5, they would only make $150,000. That is a lot of difference. Some may say that the price would rise proportionally to its pre-split price, but I disagree. A fast rising penny stock going up by a dollar is a lot easier than a high price stock going up $20, at least in my opinion. Besides all that, a RS just was not needed.
