Ok, so a 4:1 reverse split was approved. I don't believe the current earnings can support a price of $4.00 or more so, I'm probably going to sit this one our until after the spit an then decide which way the price is liable to go at that time. My feeling is that immediately after the split the price will drop and find support somewhere and that would be the best place to buy in my opinion. I have not seen too many companies fair well ding a reverse split with a negative P/E ratio. While this reverse split will keep the company out of trouble for a while regarding the minimum price per share on NASDAQ which appears to be their objective, if the earnings do not increase significantly over the coming year, the price could easily fall all the way back to where it is now. That's my opinion! As a swing trader, I need to take profits before the R/S and stay out until I see price stabilization following the split.
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