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Monday, January 02, 2012 11:49:43 AM
Last announced March 2009 reverse stock split of 1:100, reverse split occured, investors received 1 share for every 100 shares they owned. Company shares reduced 1:100 after the split also.
The last RS Shareholders stock fell all the way to no bid.
Shareholders caught holding stock were very unhappy last RS!
Look at March - April 2009 posting by shareholders before and after the reverse stock split of 1:100.
Of course those wanting to buy shares from the bottom after a reverse stock split will argue for the reverse stock split.
Share Structure will be reduced for another run.
But look at posting and charts of what happened to shareholders before and after March 2009 reverse stock split of 1:100.
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