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