lots of penny stock players hate reverse splits because it takes the stock into a price range that does not appeal to them, but does appeal to funds and those who want nasdaq listed type stocks. your percentage of the business will remain the same but the price per share may suffer short term as those who like the penny stocks leave for greener pastures and those who like 4 dollar stocks will wait for until after the reverse split.
i heard the ceo present at the edgewater conf and was very impressed with the business plan and the previous success of its chairman thomas hemingway. i have seen reverse splits work when the company is the type that will appeal to funds, and nxpw will.
i bought more today and consider the price decline a nice oppty to accumulate at what will be bargain prices in the future, but it may be hairy for awhile. glty
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