Wednesday, March 12, 2014 11:49:48 AM
A few hours ago, someone speculated a r/s , people became scared from said speculation with no basis of realism, and now there's like 42 people freaking out over nothing? Please allow me to demonstrate a reverse split.
For one, when you reduce the share float and shares outstanding, it is slightly harder to borrow and margins are less, making it difficult for short sellers to short. Liquidity = smaller = better for longs.
there is very slight selling pressure after a reverse split ,which I do think will happen, but everyone seems to have it all wrong. Your 3,000,000 shares @ .01 are now 1,000,000 shares at .03 .... same market cap people ! Except less shorters . Once again, this is Good for 85% of the traders here.
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