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Alias Born | 07/22/2009 |
Sunday, April 11, 2010 9:21:40 PM
reasons to do a r/s until they uplist
and i'm not talking the otc bb ..
The reasons for a reverse split are quite simple. Eventually when a stock PPS gets too low selling shares becomes more of a challenge. Especially if it gets to no bid.
So you reverse it before that happens and change the symbol and voila. You can go back to selling shares at a big discount and the people who bought them can easily dump them without fear of drying up the bid.
Look for EXPH to do that sooner or later.
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