Thursday, February 10, 2005 10:24:55 AM
Name me one aggressive mutual fund who's charter doesn't preclude them from buying non-reporting pink sheet companies? Most funds won't even own a stock under $5 though there are exceptions to this, but what you are saying is simply not true.
>> Reverse splits are perceived as a negative. <<
I'll have to admit that this was my same belief before I googled the issue. This was a commonly held Wall Street "rule" that I was well aware of... only it didn't turn out to be true. I guess you're not going to bother to look it up though...
Anyway, and I can hardly believe I'm saying this, if you sell on news of a split, I suspect you'll be quite sorry. Should this even happen, it is hardly imminent however.
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