I'm looking for fresh perspective here...
Re: “I think it SUCKS, now lets say you might of had 100,000 shares now you only will have 5000 shares. If the stock jumps 1.00 you will only increase your portfolio 5,000.00 instead of 100,000.00 what a big no no HUGE difference. the ones who benefit........VU1. Oh and by the way the stock should increase by the same amount that they reverse us on ie if they reduce your shares by 1:20 , then the stock should increase X 20 you initially do not loose any value, but I have never seen a GOOD reverse split”
Greetings Bull, I’m with you “this could suck” but I’m not currently under the impression that it does suck. If you listened to Doctor Blackstone’s presentation to Rodman and Renshaw then you must realize that before the end of this year Vu1 intends to release product and to inform Americans about that product via a relatively large marketing campaign.
With that in mind, it is quite possible that you could see the price jump by a dollar (or more) and even if it does the stock will in-all-likelihood still be priced as a penny stock. Now if the split occurs after that jump and new investors weren’t pre warned that a split is imminent then what do you think would happen?
The SEC document clearly states that a split of “up to 20 for 1” will happen within the next 180 days (that's nearly six months) yet it also allows for a much smaller split should the share price indicate it. IMHO, their long term goal is not to destroy shareholder value but to allow their shares to eventually list on the NASDAQ with the hope of increasing both shareholder value and long term stability.
Unfortunately/fortunately we appear to have a very smart management team and a very smart board. As penny stock investors many here are all about short term gains and holding out for “the pop”, but the board appears to have a different agenda. They appear to be trying to create a company that will grow over time and provide long term value for all shareholders. Does that really suck? Yes it does if a “20 for 1” reverse split happens tomorrow, yet in my humble opinion it will not suck if a much smaller split happens soon after a big pop that allows some of the existing traders to bail while allowing long term investors to hold on for greater value.
Take care,
Robear
Who is sometimes right, sometimes wrong, and always ready to look for a fresh perspective to counter assumptions that are being made on the internet.
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