Thursday, May 17, 2012 5:55:21 PM
The company would be valued at over $3 Billion at that price with the current ss. In other words, the company would need to be generating probably around $300 Million in earnings per year.
If the stock does get to $1 per share, in all likelihood it would be a result of a reverse split which would occur before the stock gets anywhere near $1... however if the earnings are there to back it up then a reverse split would not necessarily be a bad thing.
Good luck to you and all the rest of us longs... I locked my shares up for sale at a much higher level today after reading everyone's posts about not letting the shares get borrowed... I don't know if it will make a difference but I hope it does.
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