I for one am happy with the RS!
Bottom line, I will be able to use margin sooner because of the reverse split. For GTE to go from $.23 to $5, GTE would have to increase 2074%. A move from $3.45 (.23x15) to $5 is only a 45% gain. So with the RS, I will not have to miss out on most of the run before I can start compounding my gains with margin.
From my current holds and increasing my number of shares using margin with every 10% price gain, it would take a 2530% without the RS or 700% with the split for my account value to be worth $1MM! As you can see 700% (vs. 2530%) makes my dream more realistic.
Longs, ever wish you had more money to invest? Wait until we reach $5 a share and you will.
This is how people turned $10M into millions investing in DELL and the like.
I for one am very happy with the reverse split!!!