InvestorsHub Logo
Followers 58
Posts 5142
Boards Moderated 0
Alias Born 07/23/2007

Re: Ecomike post# 727

Wednesday, 06/06/2012 8:54:17 PM

Wednesday, June 06, 2012 8:54:17 PM

Post# of 1344
I know the stock that you're talking about, CRBC, and yes, it did quite well after the RS.

While statistically reverse splits fail more often than not, the fundamental health of the company is usually the deciding factor. With many small biotechs, it's just a way of postponing the inevitable: a reverse split does not make the drug any better.

However, with banks--and I'm hoping with FBC in particular--it will serve not only the primary purpose of meeting the NYSE listing regulation but also stimulate institutional buying.

Best of luck.

All that is needed to make a happy life is within yourself, in your way of thinking. -Marcus Aurelius