Replies to post #8895 on SandRidge Energy, Inc. (fka SDOCQ)

[JustJoe3103]

Excellent assessment!

[johnbbad]

Nice info Smilin'....thanks for that!

[goodietime]

Smilin, "Months prior to being delisted, the shares were trading in the .30 - .40 range. One must ask themselves the question: "What large institutions/hedge funds are allowed to hold stocks under $5 or $1/share? Don't most fund charters (the rules) prohibit them from holding securities at such low prices?"

The answer is a resounding YES, but some institutions held anyway.

On 1-7-16, the day SDOC got delisted it traded 161,559,700 shares with a range of .027 - .13/share

The following session, it traded 135,324,600 shares with a range of .03 - .08/share

https://beta.finance.yahoo.com/quote/SDOC/history?period1=1449028800&period2=1459196421&interval=1d

Again, this massive drop was due to the MASS EXODUS out of the stock due to forced selling by institutions. Volume that high is indicative of fund outflows meeting fund inflows."

MY QUESTION:

The institutions obviously held an enormous amount of shares.
They were FORCED to sell.
Do you think it would be in SDOC's best interest to do a 'reverse split' in such a fashion that these institutions could buy back in?

Wouldn't send the ACTUAL share value much higher?

Any thoughts? Thanks.

[Goodtimes111]

Thanks Smilin_B for the info you post!!

[DMOST]

THIS.............

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121503298


Was absolutely "BEAUTIFULLY" presented.


RIGHT ON!.......'Smilin_B'..........WRITE ON!


GO SDOC

"PEACE"

When you know, you know, you know...................YOU KNOW