Hello Sean...Personally, through longtime experience, most
reverse splits cause another precipitous drop in the share
unless a seminal or major positive event happens in conjunction or closely following the RS..When a Security goes from .50 to $5.00, the psychological aspects change...a former .05 drop becomes a 50 cent drop of equal magnitude, which by mathematical standards is equal, pertaining to the new share count and share price...A RS does allow Institutions
and Mutual funds to invest in the company according to their charters...If PPHM does enact a RS and can get to $7.50
for arguments sake, then many funds can now purchase shares..
Many pro's and cons to consider...in the "old" days a RS was the Kiss of Death perse, as it was a last ditch effort to survive...but many recent RS have survived, thrived and prospered, so who knows? I have so many shaes now, that a 10 for 1 would drastically reduce the share count from 7 digits to 6, but would also reduce the share outstanding count by the same equation...that could lead to more volatility due to a greater lack of liquidity....Sean, this is all IMHO as always and thanx for asking your question...Peace to you and family....Mark†
JOY is not in things, it is within us ~ There are no Winners, only Survivors ~ We are what we repeatedly do, therefore autograph your work with excellence ~ We are called to ASPIRE to INSPIRE before you EXPIRE...
