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allevatomc

11/15/14 8:27 PM

#27349 RE: cjsun791 #27347

What absolutely memorizes me about this whole R/S thing is this.

All these posters have to do, is sell their shares and wait for the PPS to drop post split. They never go up after the split, and buy back in when that penny stock dream news come out.

Then they get to keep their shares and get back in when it's safe. These stocks almost always go back to the original PPS or dam close to it after, because no one is willing to pay the inflated price. Not to mention they are looking at a long, long wait for the stock to get back on track. In the meantime they could be making money on other stocks


Holding your shares through a R/S is a rookie mistake. I bet there isn't one veteran trader holding this stock right now.
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nit2win

11/15/14 8:53 PM

#27351 RE: cjsun791 #27347

Well, if that were really the case and the objective was to get the price up for the sole purpose of raising more capital through convertible notes, then they would be doing a significantly higher reverse split.

Not a measly 1:10 reverse.