TheDirectory.com Inc (SEEK)

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Reasons For A Reverse Split!!

OTCBB stocks can move up to the NASDAQ stock exchange depending on the size of the split

Companies trading on the NASDAQ might do a split to stay on the exchange and avoid being delisted for not meeting the minimum price requirement.

You should be very careful when staying with a company through a reverse split because, most of the time, the stock price will start to drop after the split. Companies will use these splits as a last resort to keep their company from being delisted from an exchange so you should evaluate the company very carefully when deciding if you are going to keep your shares in the company. The only situation I can see a good outcome from a reverse split would be a OTCBB stock uplisting to the NASDAQ. But generally, splits are bad news for the company and also for you if you are a shareholder in that company.

Article Source: http://EzineArticles.com/4490091

In my trading experiences of 40+ years, this is exactally what has happened with ALL (6) of them I held. Unless Scott G. wants to weed out a boatload of investors along with devaluating the company, a reverse split would IMHO be the most disasterous thing he could do to SEEK.

Didn't Scott G. mention the Nasdaq and possiblity of being listed on it some day? Only way I see that happening is a buy back of shares to cut the current numbers at least in half. Only a company generating profits will be able to do that.

So, I guess when you ever hear those 3 little words ( reverse stock split ) out of Scott, SEEK will be done! I for one will not be listening to any BS as my previous experience tells me different.