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stocksmaster09

03/04/10 8:14 PM

#2921 RE: The Rainmaker #2919

1 for 1000? WTF What did they epect a stock trading at .01 to trade at $10?
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jimmybob

03/04/10 9:39 PM

#2923 RE: The Rainmaker #2919

Great points Rainmaker... have some shares here ~ ohhh well
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amadeus

03/04/10 9:47 PM

#2926 RE: The Rainmaker #2919

yes its pretty surprising to put out a PR exclaiming the new company and let a month pass before a big reverse split headline... they almost always put the RS information out at the same time as the new company info. even a lot of pinksheets with billions of shares don't handle it this way. and if you have 10 billion shares, and do a 1 for 1000 RS, and end up with 10 million shares, you can at least make the claim you are doing it for an 'orderly market'.

but there is nothing orderly about a few thousand shares in the float.