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Tuesday, May 28, 2013 9:47:01 PM
Easy answer, let's pick the 1 for 20 reverse split as an example..46 cent stock price now, would be $9.20 per share after a 1 for 20 reverse split. I would need the stock price to go up to $18.40 to get a double. This is not an $18.40 cent per share stock no matter how you slice it.
But this scenario would be the worst case scenario as it involves both an immediate RS upon being granted the autority to do so and an RS at the maximum 1:20 ratio. Although possible, I would venture to say that this scenario is highly improbable.
But it would seem that your concern is that (1) First and foremost, you believe that as a trader, any RS would impact the short-term growth potential for the stock, which is a position that has been presented on this board previously by others as well; and (2) You do not trust Kidrin or WDDD's BOD to effectuate the RS at the appropriate time for STRICTLY the purpose of uplisting to a senior exchange.
Would this be a fair statement to make? To be clear, there is no right or wrong response. You and every shareholder is entitled to your opinion and your vote however you see fit.
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