Any new investor interested in this stock needs to stop and ask themselves - Why did this stock drop so drastically in price from .02 to .002 in the past year? Especially since EVERYTHING that is being said about how great the company is now, is almost word for word what was being said a year ago.
SNDY is a stinkie pinkie that has FOUR previous Reverse Splits on its record, a bloated ever increasing O/S of 883,391,767 shares up against a huge 950,000,000 A/S. If investors think that the company is through with Reverse Splits, think again.
This company is addicted to Reverse Splits. Ask yourself how the company has had four Reverse Splits yet is still so addicted to diluting, that even after four previous Reverse Splits it is closing in on yet another billion share A/S. History is repeating itself here.
If you want further proof of how this company would justify its fifth Reverse Split, just read the reasoning it has given for past Reverse Splits. Any pinkie company that says a 1/5000 R/S would "enhance shareholder value" is suspect to say the least.
Pay particular attention to this part of their R/S reasons -"and attract possible acquisition candidates." Isn't seeking a merger candidate what the company and others here have been touting since last year, and on this board almost every day? Isn't a Reverse Split something the company says will help attract acquisition candidates?
"Solos Endoscopy is pleased to announce that the Company has completed its reverse stock split of 5,000 to 1 and will be operating under the new symbol SNDY. The Solos Endoscopy Board of Directors approved the stock split and capital restructure as a means to position the Company to be more attractive for investors, enhance shareholder value,and attract possible acquisition candidates. The capital restructuring will also help to reduce the market volatility that Solos Endoscopy shares have experienced, and to better reflect the Company's earnings as compared to other companies in the medical equipment market."
- Capital Change=shs decreased by 1 for 5,000 split. Effective date=9-26-05 - Capital Change=shs decreased by 1 for 100 split Pay date=01/16/2007. - Capital Change=shs decreased by 1 for 5000 split Pay date=05/29/2008. - Capital Change=shs decreased by 1 for 2000 split. Pay date=11/24/2010.
a few measley negative opinions are not going to stop this freight train once a few POWERFUL PRESS RELAEASES are announced. see you at the top my friend Michael