MC10459, here are two quick RS successful examples...
INTV, back when I was in it at .002 per share, announced they were going to do a 1-50 reverse split. The stock dropped to .001 per share on that announcement. Everyone had all the opportunity in the world to average down and get all of the .001s they wanted before the reverse split. After the reverse split, the stock opened at .05 per share, but it traded so thin that you couldn't get any shares at .05 per share. Then later, INTV ran from .05 per share to $6.74 per share. That's an over 13,000% gain.
Recently, SPZI(D) did a 1-15 reverse split and opened up at .0165 per share. Since then, it has been trading in the .04 per share range. If things go as I believe the company has planned, I'm expecting it to do like what INTV had done or better.
Here with MGON, I truly believe that these guys have a plan too! The reverse seems like it was strategically done for major reasons.
v/r
Sterling
Bullish