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MicrocapMan
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Investor in microcap stocks.
  • Reverse Stock Splits -- When are they worth it? 0 comments
    Apr 15, 2010 3:54 PM | about stocks: ITEX
    Not a big fan, but probably best scenario is to remain on major exchange. I saw ITEX.ob is conducting one and thought the reason was worthwhile to post:

    Steven White, ITEX Chairman and CEO stated, "The reverse split will convert a couple hundred small stock positions into a fractional share, which the Company will cash out.  Eliminating these stockholders will provide better efficiencies and lower costs for the ongoing management of our shareholder base, and positions us for other stockholder value strategies."

    Here is the full PR:
    http://finance.yahoo.com/news/ITEX-Corporation-Announces-prnews-853700126.html?x=0&.v=1


    Any thoughts?


    Disclosure: None.
    Themes: Stock splits Stocks: ITEX
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