News Focus
News Focus
icon url

harveydawabbitt

12/30/10 8:55 PM

#38304 RE: jtexb #38303

exobox has severly wounded all faithfull longs now this reverse split will finish the job and kill off any hopes of ever regaining our money.
icon url

The_Pro

12/30/10 9:31 PM

#38306 RE: jtexb #38303

After the split, if there is no price movement you have neither lost or gained anything. You'll still have the same amount of money before and after the split.

Your percentage of company ownership has not changed. Your share % of float and O/S has not changed.

The change is the effective increase in the authorized share capability. If no authorized shares are converted, everything stays the same.

The higher pps will attract investors that are not interested in a sub penny stock. It will also allow Exobox the ability to do equity financing.

If equity financing occurs (dilution of O/S), then if the price sold exceeds your current price you have NOT suffered price dilution ONLY percentage dilution.

Companies could simply raise the Authorized Shares (through majority shareholder vote) and dilute in that fashion with no forward/reverse or disproportion splits.

Personally Cukjati is proceeding in a remarkable fashion; everything he is doing has the right ingredients for success. All appearances HE's on the ball. I believe the deal was a big one. The $ has to come from somewhere. If it's for progression of the company then dilution is excellent.

The_Pro


icon url

braden

12/31/10 7:07 AM

#38310 RE: jtexb #38303

Its not.You only r/s when your wife is running out of money and needs new shoes.Ive been playing pennies for 7 years and been in exobox just as long.Been through and studied many reverse splits and reverse mergers.NEVER been on the winning side!!NEVER seen a stock price benefit from it!IT will screw us!EXBX is dead if they are even considering it.Apple,microsoft IBM would pay us if suez were real!!!!
As a trader expect a run up in pps directly after a r/s then it tanks.If you can catch it early you could sell before the drop.Do not even consider a long term hold.Many companies do multiple R/Ss before they are delisted.