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Re: wobblenuts post# 24368

Tuesday, 03/23/2010 2:31:21 PM

Tuesday, March 23, 2010 2:31:21 PM

Post# of 43714
We obviously disagree but an RS does nothing for anyone's stock value.

"Once the buying by investors slows to a trickle, the MM's scream for a RS in order to be able to dump the rest they have into the market on new uninformed investors."

Your $10 worth of stock is still worth $10 after any split whether it's forward or reverse. Stock value usually tend to return to the pre-split value so that's why a reverse split is considered bad. So you're not going to drum up any new investors by doing a reverse split. Quite the contrary actually.

I don't know what's going on but I don't think anyone on any of these message boards knows either. Only Cyberlux knows what's going on and whoever they're dealing with.

Cheers. Have a good day,

Sloth