Saturday, September 19, 2009 12:24:00 AM
Long, Stambaugh cannot order up a 15/1 reverse split without shareholder approval. It doesn't matter what he wants.
I will be voting NO on the reverse split, and I will also be attending the shareholder meeting and looking forward to it. Stambaugh has encouraged shareholders to vote on the reverse split, via the internet, before the meeting. So I will not be able to hear his reasoning before voting.
One reason the stock price of won't budge is a lack of volume.
We don't have any. Every time one of these "warrant guys" start dumping shares, there's no volume to support it and the stock tanks. Thats on Peter Berry. For instance, one day last week we had 15,000 shares traded. After the reverse-split, this volume becomes 1,000. This is what could be called a death blow.
Recent CYRX News
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