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jvg25

10/07/10 8:33 PM

#959 RE: kun #958

you don't understand. only owners of real shares can buy at .02. no shares will be sold on the open market at .02 because they automatically become adjusted with a reverse splite to 20X the .02 price. in other words, the next day they'll cost a minimum of .40. i think this will also screw up the shorts in this stock. i have a theory that the last day before this thing goes into effect there's going to be a whole lot of covering and the price might just climb back quite a bit. we'll just have to wait and see.