WEll sonny, that is a good theory...but I am personally aware of a company that did just that not too long ago...yup...it did not help...why? 'cause it SEEMS as though the powers that were trying to destroy the stock are much much stronger than the powers at the company....tony can tell you about it, if you want to know more....I have shares in that stock...have averaged down so now I am only 75% under instead of 90% ...of ~40K.
And guess what? After the symbol change, it took a couple of weeks to get our shares from our 'trade houses'...seems not only did the big broker houses. and the crooks sell more stock than issued...but so did the avenues such as Scottrade, Ameriprise, Bank of America, E-trade..the onliners..they jsut kept selling stock shares...no one bothered much about how many shares there WERE to sell---they just washed them back and forth, took the retail money, and continued to drive the shares down, down, down.....AND when we DID get our stocks...the price went down even further...so the nakeds and the shorts just continued on...AND then a reverse 5 to 1 stock split STILL did nothing to solve the problem....
What REALLY needs to happen is that instead of US trying to 'keep up' an attempt to outsmart the crooks....the SEC needs to do their job as defined for them BY LAW...instead of looking the other way and while saying, I don;t see a problem, so there is no problem! But that may never happen...too many carpetbaggers in charge....
and, THAT is why I am SO GLAD the stock market NEVER became the substitute for Social Security! Our seniors would be penniless homeless persons, if that had gone thru. Clean up the stock market in the US of A, and I might change my opinion about that subject.
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