When ICTN became BCCI and the reverse happened May 10, 2010 it reversed up to .0156 from .00078 So your break even point was .0156. The value of your BCCI stock now compared to what your ICTN stock was worth is about 25 times what is was worth then. I can attest to this with my own statements. It is true that if your average was .02 before the reverse then you are now even on your money. Ahead if your average was below and behind if it was above. I know some people had bought as high a $3.50 (all time high) and certainly if they still have shares would have lost money. At one point and some of us bought what we could at or around .00078 or better on the shot it might someday be worth something. You have seen the same thing at RLTR where even though there did not appear to be any hope, the price was so low that a few took a flyer on it. I also bought BCCI after the split at .007 - .04 or there abouts and just picked away at it for a while as did some others. I suspect that most former ICTN shareholders are averaged somewhere near the .02 average based on how I remember it trading. BH could have reversed it 100 to 1000 times to one and if he had not considered the shareholders it would typically have been the better move for the company. Flush out the old so you do not have to deal with them. In the Case of RLTR the oly things we have to hang our hat of hope on if we own shares is that MG will negotiate a mild revrse. This is also Determined by how severe the reverse needs to be given the price objectives. In BCCIs case they were happy getting the stock above a penny probably so that they coud deposit shares. At the time Scottrade, Ameritrade, and the likes stopped accepting certificates of Pinks under a penny or that had a Stop sign. Now they will not accept (at least not Scottrade for sure) any cert from a Company that is trading under.50 which is a ton of them including BCCI as of today. If Enabledware wants to be able to raise money with certs that can be deposited freely then they will need to get the cert above .50 which means a 5000 to 10000 to one reverse. If they only need it to be above a penny then it could be much milder. Generally speaking the target is to get a stock to a dollar or better. Without being above.50 after the revese then virtually no broker can participate or solicit orders. This is true of most firms and is mandatory I am told by any firm that clears through Penson which is most. My best guess is that they will reverse it by whatever they have to in order to get the price above .50. Now while I am on the subject, they will not be able to raise the AS after reversing it without shareholder approval. It was not legally done last time although I think if it had been then it would have gotten done. A good lawyer would catch this and require shareholder consent to increase the AS to 300 miilion before they reversed it. Should be a condition of the merger if they are paying attention. I am sure we would vote for it or no merger. Then they would issue all of the remaining shares to themselves so that when the reverse happened then they could control a shareholder vote to increase the AS and then issue themselves a ton more. I do not know what will happen. I am only basing this on what I have observed in the past and on what I know that has changed now. Hope it helps.
Market Data 
Markets 
AI
