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wow_happens28

08/19/13 10:22 PM

#3698 RE: kgb1 #3697

90% of all reverse splits are done by
1. Companies below a penny fighting for more time
2. Companies about to lose their listing because of the falling price alone.

Still it can be hair raising. Here is one that was right on>>>
http://finance.yahoo.com/q/bc?s=MSTR&t=my&l=on&z=l&q=l&c=

I did see another recent one that I can't remember, but on the day of the RS it opened at about $5, went to $1 intraday and closed at $4. Two weeks later it was at $8.00.

CEO Short recently went to the Markum small cap conference. Those guys caould not buy RIBT at these prices. Most funds don't mess with .057 stocks. But I am shure he alerted them to the coming RS and I hope some may cushion and selling at the stock goes up like MSTR