Replies to post #109709 on Verus International Inc (VRUS)

[My face]

I have a stock that did a reverse split and I went from $1217 to $24! The price would have to go back to $1.50 for me to make my money back! It's at .03 now! The company is BIEI

[shotsky]

I would never hold shares through a reverse split. At best, I would sell all, then wait for the split, then wait for the price to settle down, and THEN buy shares back if the price warrants.
In almost every case, after a RS, the price drops, sometimes significantly, right after the split. I have seen many of them, and have not seen even one that improved after the split.
In any event, most times the price drops some, and that is when I buy back in, usually able to get more shares than I would have had from the split alone.
Uplisting or not, people sell after a split and the price drops. Also, in an RS, the ticker changes to add a 'd' to it, and you cannot trade it until a few days after that change because it has to promulgate through the market first. In that split, ALL of your current shares are recalled, and NEW shares are given to you. The TA must recall all shares then issue the new ones, which takes time.