NanoTech Entertainment Inc (NTEK)

[Tambra3077]

I don't think a reverse split is always bad
if its a 2-1 it means you doubled in shares but you stil have the same share cost I think . so if you have 200 shares at $400 you now have 400 at $400 I still soaking it in but that sounds ok to me.
Hope this helps

A reverse stock split has no effect on the value of what shareholders own. Companies often split their stock when they believe the price of their stock is too low to attract investors to buy their stock. Some reverse stock splits cause small shareholders to be "cashed out" so that they no longer own the company’s shares.

A company’s board of directors may declare a reverse stock split without shareholder approval. Although the SEC has authority over a broad range of corporate activity, state corporate law and a company’s articles of incorporation and by-laws govern reverse stock splits.

If a company is required to file reports with the SEC, it may notify its shareholders of a reverse stock split on Forms 8-K, 10-Q and 10-K.