InvestorsHub Logo
Followers 257
Posts 16144
Boards Moderated 4
Alias Born 12/09/2010

Re: Penny2Paper post# 51652

Monday, 08/13/2012 9:02:47 AM

Monday, August 13, 2012 9:02:47 AM

Post# of 74729
When a company has NOTHING left, like ASYI, and there is no other source of income, like ASYI, the only way to survive is selling stock. A reverse split is a artificial way to raise the price in a effort to create the illusion of a company with some value. It catches some people off guard when they fall for the usual "merger, big news coming" kind of rhetoric. R/S, sell, R/S, sell, wash, rinse, repeat.

Legitimate companies may reverse split to get the price up into a range more suitable to entice funds to buy because funds generally have a low limit for what they allow themselves to invest in.

--------------------------------------------------------------

In answer to your reply: A run is dependent on many things. News? Promo? Organized false momentum? ASYI with no news, vague speculation, baseless ideas probably wouldn't run far if any at all. Get a REAL bit of good news and it could go up but how high depends on what and how good the news is. Right now there is nothing to justify a run. IMO

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.