Hey Barry, I can help you with those questions. Before I do that, kudos to drkay. GREAT POST! You said it clear and concise!
As for a reverse split, they RARELY work out. We can debate the whys and wherefores of R/Ss, but here are the 2 main reasons they are done:
1. Want to get to a better exchange, need a higher price
2. Want to start over after your stock has hit rock bottom
The first reason is done by good companies that have GROWN, are making money, and are ready to take their next step. They used the lower exchanges to finance ventures, and those ventures paid off. Now it is time to R/S, get a higher price per share, and move onto a better market.
The second reason is done by the cons, who could care less about getting on a better market, they just want to print money. It is hard to sell shares when you are down at .0001 or so. What to do? Change names, R/S, and wait for a NEW batch of suckers to come along. Check out Raven Moon. It has done this about 5 times. Look at the charts for the different names and tickers. They all start high on the left, and end at the bottom on the right. Now look at both of Flannery's scams. (AXGJ and MHUS) Note how the charts start high on the left, and end at bottom on the right. After the reverse split, this will mirror the new ticker.
What will happen is that people like us, who are seeing the con because we are some of the conned, will move on and learn our lesson. 6-12 months from now, a new batch of investors will look at whatever the heck Flannery starts, read some PRs, and buy in. Flannery can then get the old dilution game going again, and bag holders will wonder why the stock is dropping when all the PRs are so promising. The 'pumpers' on the boards will tell you how great it all is, that this HAS to be the low, BUY NOW!, and just wait for the next PR and we fly! This can be repeated over and over, unless it is stopped by diligent traders like ourselves who post the truth to counterbalance the pumpers. The reason you are seeing over and over again that Flannery is a crook, is to warn off the newbies that see .0001 and get thoughts of LFZA in their head. THEIR ARE NEWBIES EVERY DAY. The other reason you see it every day, is because people are PISSED, and they are sick and tired of being scammed by a schmuck. I ask everyone to read all the past PRs both on AXGJ and MHUS, and find me one concrete piece of information. It was all double speak and false promises.
In conclusion, your shares will soon be worth even less than they are now, just like mine. Learn from this, as I have, and join up with the group that wants to put an end to crooks like Flannery.
Sorry for the long post!
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