ProElite, Inc. (fka PELE)

[richographer]

Yep, that's pretty scary. Who cares if the stock goes up a couple bucks if I only have a couple thousands shares after the split. The idea of a big payday was what we were all looking forward to.

Who knows what will happen...but if the reverse split news gets out AND the stock is trading, it's possible less people will want to buy in until after the split, rather than risk loosing most of their shares. That's a pretty crappy tactic and I hope they won't split that much.

Sounds like if this happens, they just want to drive the shares down so can release their preferred stock and flood the market making it so we can't sell. What happened to the claims that they care about their shareholders? Pretty crappy, I've been waiting for years for something good to happen...and now we get stuck with a chance for 1/25. That's a HUGE number. Wish there was something I/we could do...feel helpless.