Careful here ... Aug 1st pre-split price was .007
That shareholder value today is worth less than 50% and most likely will continue to drop lower into the 1 for 1 split.
This company has been a complete disappointent to shareholders as they have been wiped out by reverse splits already.
From the August 1st press release .....
Mark Astrom, President and CEO of VSWM said: "We are working to enhance shareholder value while rewarding current shareholders for their loyalty. The stock split further demonstrates our confidence in the business and our optimism towards the future. We believe the stock split should improve the liquidity and marketability of our stock."
This statement to me is complete BS.
There is not enough shares to do another reverse split now, so a 1 to 1 forward split will increase the outstanding share count while at the same time will sucker in some new investors just to be wiped out by another future reverse split in my opinion.
Astrom is the same guy who said there would be no reverse split last April. Shareholders were wiped out with a 1 to 1000 R/S approximately 3 months ago that lost 95% of its value to date.
A complete disappointment to current shareholders.
My posts are only my opinion and not a recommendation to buy or sell any stock. Be sure to use your own due diligence when trading.
