1 for 20 wouldn't be bad, but that clearly isn't the case here. You are talking about a NASDAQ stock vs. a otcbb stock. . . .no comparison. I have been R/S out of existence in the past, they give me a token 1 share and say thanks for playing. Currently I'm in GBOE which did a 1 for 5500 R/S. For those who got in at .0001 they are at .55 and people like me at .0002 are at $1.10. Current price anyone???? .15. You want to factor commish in, I'm down a $1 per share. The odds on that going up a $1 anytime soon are doubtful. So I ask you this Mr. Pro R/S. . . . let's assume my ave price here is .0004 and on a normal day I'm down 75%. . . .I have a better chance for this to go to .0004 and break even than I do of it going from .50 to $2 a share. So no, you will never sell me on the fact that a R/S of a penny stock is a good thing, I have never been involved in one that has been good.
Sometimes a reverse can work
Vitesse Semi, after a couple of years of getting their books in order, did a 1:20 RS last July as part of their effort to get relisted on the NASDAQ.
The stock remained above the $5 RS price for a month, until a bad Q2 report drove the stock to sub-$3 (I did some buying then). Subsequent reports showed improving results, and the stock rose to about $5 by Feb 28, the day they announced they would relist with the NASDAQ on March 2.
VTSS is trading at $5.44 today.
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