I hope not. Look at GWGO, they recently did a 2,000:1 reverse split to get out of sub-penny catagory. They were hoping to trade around $0.20, well they did for about 10 seconds, within a few days it went down to $0.025, I doubled my position at $0.01 ( lowest it has been since RS ), now trading around $0.015.
We were losers before the RS, now what are we???
RS's are good, if you want to lower your cost by buying back in after it free falls, with the hope of it climbing back out of it's hole.
I still own another stock that did two reverse splits - my $27K
investment is now worth about $10.00 - the only thing it is worth is the tax writeoff!!!
Are you looking for a tax writeoff - if so, sell your shares to me now for a loss and you won't have to wait!!!
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