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Tuesday, November 16, 2010 1:54:47 PM
I am very curious how this one plays out. Sorry about those of you that got screwed, but still have to admit this is an interesting play. I know that doesn't ease the pain any, but anyone but me curiuos to why? Why not just do a basic reverse split? Has anyone seed a company do things like this before. Essentially bringing everyone up to the same minimum level. Seems like an oportunity for the CEO to buy back shares at a lower value? Once news comes out and the stock starts to increase, someone who bought 10 - 100 bucks worth of shares will sale all thier shares for 1000 and feel great about 1,000 - 10,000 percent profit. Those with over 10 million shares will be more likely to wait until they can make profits? If that makes any sense. The MMs with lots of shares will automatically sell shares once the losses reach a certain level.. Does anyone but me see that something very interesting might be in the works? It is not very easy to go from a micro stock to a Nasdeq or NYSE stock? MMs and competition are all trying to block these small companies. Just throwing some thoughts out there. Anyone?
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