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Wednesday, July 14, 2010 10:59:57 PM
The 1:1000 also wiped out all the little guys holding < 1000 shares. Or effectively anyone holding even 100,000 shares would be reduced to 100 shares. This really tightens up the marketplace.
We've already seen more consistent volume at the new price levels. As new buyers come in and the volume increases, all the people selling their 100 shares won't effect the share price.
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