No...they can reverse split this thing over and over again until they run out of people willing to buy shares. But that's the problem in Pinkyland...there will always be a pool of newbies with risk capital.
ASFX has reverse split 4 times so far.
1 to 100 R/S 1999
1 to 200 R/S 2004
1 to 100 R/S 2005
1 to 200 R/S 2011
These stocks are NOT investments to be held long term; they'll wipe you out. You trade them short term. You have to buy them, at their lows, between the reverse splits and hope for a PR influenced pop. That's very difficult to do, because of the total unpredictable behavior of the management teams of Pinks. Technical Analysis helps, but a lot of times, when it appears a base is forming, they'll begin to dilute, which will drop the price again.
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