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Tuesday, June 01, 2010 8:34:12 AM
It gives them cover, because now they can say they are forced to R/S, not because they want to dilute shares further, but they are forced to by listing requirements.
You'll get the R/S, but then, doggone it, there will be some unfair reason that the listing can't take place. And then along comes some unfair reason for the A/S to begin to balloon again, and some unfair reason (MM manipulation, evil short sellers, whatever) for the share price to resume the dreaded march towards zero.
This is just the natural life progression of a stinkie pinkie.
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