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billytbone

01/24/17 3:02 PM

#116338 RE: penywoo #116337

People don't have 20 days. It could occur tomorrow morning. I will alert. This morning I posted the R/S filing 15 minutes before it was on IHUB, I'll know.

MIKEY501

01/24/17 3:06 PM

#116339 RE: penywoo #116337

Correct...it cant go effective for at least 20 days from the notice date. SEC rules.



iTrader

01/24/17 3:56 PM

#116344 RE: penywoo #116337

I hope you come ahead, I sold most of my shares the second I read about the r/s.... GLTY

stockinvestor01

01/24/17 4:27 PM

#116346 RE: penywoo #116337

You may have a small chance to get out before reverse split if the mm's decide to run this a bit if they need to cover any naked short positions.

As soon as they announced reverse split, I got out. I wanted to walk away with something. After reverse split, if the SP plummets you'll be left with nothing. So, I thought it was better to walk away with something :)

Hope it works out in some way for those who are holding on, but it really doesn't look good with all those notes out there waiting to convert.