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Alias Born | 03/22/2010 |
Sunday, April 18, 2010 6:08:04 AM
The share price is stuck in sub-penny territory because it is unmarketable as a sub-penny stock. Few if any serious big-time investors will invest in a sub-penny stock. A reverse split will normalize the share price and allow Moelis to market GSPG to serious international investors.
With serious investors on board, they should be able to support a fair market value.
The reverse split is a very good thing for GSPG. Many reverse splits have positive outcomes. GSPG has world-class experts helping with their reverse split.
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