InvestorsHub Logo
Followers 24
Posts 3067
Boards Moderated 1
Alias Born 11/17/2006

Re: Cash_Is_King post# 186399

Friday, 11/16/2012 11:01:07 AM

Friday, November 16, 2012 11:01:07 AM

Post# of 289423
Here's the problem. If he reverse splits this again people will abandon ship in droves. It doesn't matter why he says he's doing it; smart "investors" will bail and save what they can. He'd be a two-time r/s offender, and in pinky land NO ONE is going to pay .50 or so per share for a dilution machine. That's the bed that's been made over the past three years.

Remember, the stock has to hold a .10 bid price for 90 days, and depending on the magnitude of the split that may be tough to do.

And let's not even get into the bigger issue of what the audit might turn up....

all imo