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soupoftheday

11/06/08 2:45 PM

#12920 RE: itlogic #12919

It sounds like they are protecting shareholders.....good plan!!!
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greedy__malone

11/06/08 3:45 PM

#12924 RE: itlogic #12919

itlogic, in theory that is the concept but in reality sub penny reverse stock splits will go down like a rock as soon as the new symbol opens for trading. I've seen drops of 90+% on the first day of trading. It is faily common.