First of all there is no word yet on if there will be a reverse split or not. We must tell everyone what we think at the meeting on Monday. I know that Gerry Lenfest has control and no one need remind me. There are no stronger hands to lead us than Gerry.
The only thing I have against Gerry is when he came to my door and tried to sell me cable because it was commercial free.
Many companies, have over the years, tried a reverse split. They felt it was a warning. "You better buy in now" They are running around chaseing an elephant with a wet noodle.
These people are not chump change btllionairs. They have all the real money in the world. Well guess what boys and girls. Their money is worth nothing if you do not sell. I know I have to keep saying it. So far today someone got paid for 1000 at 42 and the rest were put into strong hands.
If there is a split the date will be announced. You never can tell though. Gerry may not vote for it. They may just come up with a winning quarter and pay a dividend.
Bid whack if you got them.