Paul, your scenario is my nightmare. For those who have never lived through a reverse split with this company, permit me to illustrate the corrosive effects:
20,000 = 2000 shares after a 1 for 10 RS (which given the share price would be the probable ratio)
Post RS price = $4.00 (at today's share price)
Shorts (who have ALWAYS controlled this security except for a brief period in 2012) do their usual dance: SP = $1.50 - $1.00.
Avid propels the company to $7.00: at 20,000 shares I would have had $140,000 and made up 80% of my losses of the past 16 years; now, post RS: $14,000. I'm stil deep in the hole.
So for those of you who pound the drumbeat that a RS affects nothing, it would only be true if post RS the share price ignored past history and headed north at a serious pace. But even then, let's say that after the RS by some miracle the share price went to $50. If I had my original 20,000 shares I'd have $1 million. With the RS, I'd have $200,000. Not exactly ASTRONOMICAL is it, Dr. King?
And PLEASE don't suggest that I should have bought more when it is this cheap. I had 40,000 shares at the time of the last RS. BUILT IT BACK TO 20,000. Fool me once.......etc etc.
The reverse split is THE nightmare.
News 
Market Data 
Discover 
AI
