Replies to post #38336 on Exobox Technologies Corp (EXBX)

[The_Pro]

Here's An Excellent Example Of A Reverse Split: AIG.

Here's the link that goes into it's details:

http://blogs.barrons.com/stockstowatchtoday/2009/07/09/aigs-reserve-split-boosts-liquidity-for-shorts/

AIG did a 20:1 reverse split on July 1, 2009.  The stock, in the low 20's tanked to under $10/share.  THEN to my amazement, the traders got involved with the stock.  The price shot up to the 30's then 40's hit $50+ and traded between $30 to $50.  It stands at $57.62 today 12/31/10.

In EXBX's case a 15:1 reverse split will give a float of 18.6 million. At the current closing price today of $.0052 that will convert to $.078/share. Traders will be able to whipsaw this stock up fast since the float is ONLY 18.6 million at a low price of $.078 to work with.