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Thursday, April 19, 2012 6:31:28 AM
My personal take on a reverse split can work well under certain circumstances.
You need financial backing/institutional backing. You have to get the business to the point where revenues can run the company and end any dilution. You also need to be at a stage of development in your business models that will be bringing strong developments and growth. RS should also be small in nature certainly under 20 to 1 preferably 10 to 1 and under. RTG clearly does not have these qualities yet. This is just my opinion. Once the company papers this deal and the new company begins to talk we will begin to learn their plans.
Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!
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