Also a very stupid move my Management to do a reverse stock split. Go look at companies like SILK that became KANA. They did multiple reverse splits and have lost record values. For example, how do you make a $3,500 stock become a 1.24 stock, you do multiple reverse splits.
When a company is doing badly, a reverse stock split is only just another way to lose value faster. The company was fed poor information which only supplements the comments above. The entire management should be held accountable.
Sort by:
Latest | Highest ratedCan Sun Rise Again? [View article]
When a company is doing badly, a reverse stock split is only just another way to lose value faster. The company was fed poor information which only supplements the comments above. The entire management should be held accountable.