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Friday, November 22, 2013 2:25:43 PM
It is not bad or necessarily good---it depends on the purpose of the RS----
Many, as in tooo many ,, penny and sub penny stocks have used the RS to pad their pockets---
In SGLB case, we have integrity --- lots of it,,,, we don't have a lot of business accumen at the upper levels---and there is consideration for an RS---
Suppose,,, SGLB does a 50 for one RS at .20 cents---your 100,000 shares at .20cents is $20,000 and it would be 2,000 shares at $10 for the same $20,000--
But,, it would be marginable at $10,, and the traders would enjoy that----and the SGLB could uplist after the pps settled and the necessary time---and if they had all the other requirements--
In the meantime PrintRite goes commercial---the pps goes ultra bananas b/c it is now marginable and the trader/flippers are are having a field day at the expense of the shorts---All of this is not especially good for the company --as wild and wooley pps girations do bring confident investors and large investment concious institutions---to an illiquid stock---as in thin OS.
Two years later after the dust settles and the pps is trading at $250 a share ---there is a forward split to bring the pps down ,, provide liquidity and bring smaller investors into SGLB--
IN SGLB'S CASE,, NO RS---AS WE WILL GET PRINTRITE COMMERCIAL AND UPLISTED WITHOUT ALL THE FALLDERALL---
The above is JMHO and I have nothing else to do today but blather--art
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