I've been watching the price action of Sorrento Networks (FIBRD), also a San Diego company, over the past week, and unfortunately I don't own any of it. They announced a 1 for 20 reverse split on Oct 25, taking their float down to under a million shares. Their latest numbers are lousy, but they did announce higher orders from Europe. The share price is up over 300% on a split-adjusted basis since their announcement. I'm begining to think the same action would benefit EDIG,particularly if they could pair it with a strong earnings announcement. It would get us listed much faster, take us down to about 7 mil shares, and bring in some institutional buying.
? comments.
