Replies to post #30917 on CirTran Corporation (CIRX)

[rut2k9]

Yes I can divide...but when they do the RS they are resettling the price at .001 not at $2 like it would be for a pure RS...

It really doesn't matter what the price is after the reverse.

First, they screw odd-lot holders. (meaning you have 2,500 shares, you'd normally get 2.5 shares in a 1,000 for 1 reverse, but they will erase 500 shares and give you 2. So even if it's at $2, your position was decreased because your ownership share decreased.

Second, and more importantly, they will issue a ton of new shares, and that will drive the price down. Ultimately, you'll see trip zeroes again, only you'll have a much, much, much smaller position then.

[Sparklefarkle]

Wrong