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Reverse split of siri will be the kiss of death for holders siri common stock.
Nov 11 08:47 am
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All Comments by beanboy62 »Sirius Reverse Split Only "to Satisfy Listing Requirements" [View article]
It will absolutle wipe out the equity of the common.The reduced leverage of the smaller share position would make it impossible for anyone with an average of $1.00 or more to recover their investment. The stock will also be shorted big time after a split. Lets just hold on ,we have time enough for the pps to get back to a dollar. The bussiness has the potential to have the stock rise to over $1.00. AND if it doesent happen and delisting happens Siri could trade very well as SIRI OB. "OB" meaning"other Board" . Many other companys have been delisted gone to the OB for a while and done well enough to return to the nasdaq. Siri could do this. It is absolutely possible. So Tyler could you comment on this scenario?