InvestorsHub Logo
Followers 4
Posts 129
Boards Moderated 0
Alias Born 03/09/2014

Re: None

Friday, 03/14/2014 6:55:29 PM

Friday, March 14, 2014 6:55:29 PM

Post# of 148342
No there's no info on reverse split. But think logically about a stock with 2-7 billion shares active. They either have to do share buyback(not f'ing likely) or do a reverse split. The stock can't survive forever at these levels. Mark my words. Within 3 months this will reverse split in the order of 1:10 or even.... gasp...1:100. I would bet that's what the preferred shares are meant to offset. This is all opinion and theory, but it's the most likely course. The "gift" will be your profit, since your stock will go from being worth $1000's to $10's. I am a shareholder, and I hate to spread gloom and doom, but the amount of shares trading down during a divy week, tells me all I need to know a out getting out of my common shares first thing Monday, before they run to .0001 and reverse split. I hope I'm wrong for everyone's sake, but I think everyone that will ever want in on this have bought. There are no more bag holders to be had. Good luck all!