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Wednesday, February 09, 2005 5:54:24 PM
Reverse splits are neutral events, so I don't see why all of the angst over a benign event. We have too many shares outstanding and the sooner we fix that the sooner we are one step closer to behaving like a real company.
Makes me wonder why the alj/sahd entity is making such a fuss. Personally I would love to see this reversed back to around 20 million shares outstanding but I doubt we will ever see anything that severe.
Low float stocks are all the rage on Wall Street now and attract numerous buyers... but then, brilliant investors with genius trading acumen already know this... right?
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