Friday, May 13, 2011 11:57:28 AM
Stuart will act and act responsibly.
IMO... as a big DAY TRADER in the day, I mean before March of 2000 and the tech bubble bursting,I observed many retail business
stocks having a PE of 10 and down. Not a PE of 30 as I have read
on this board.
I also have observed and invested in stocks that when a reverse
split occurred for good strong positive reasons, as the reasons I have previously stated in past posts, the company stock went up considerably.
Usually stocks perform reverse splits because the company is on the down swing and they try to maintain their listing on a good
stock exchange.
THIS WOULD NOT BE THE CASE FOR OUR COMPANY.
Again with 680 Million shares outstanding investors shy away and as far as institutional investors go, even the micro cap institutional investors shy away with this many shares outstanding.
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