Scot's Slant

Sirius Finally Provides Wall Street the Clarity It Demanded

Scot here. I'm just another Joe Schmuck out here who holds 5000 shares of Sirius stock in one hand and a limp wiener in the other. And with those facts known, I don't understand what the big deal is regarding a reverse split. At a 10 for 1 split this gives me a reduced holding that equals 500 shares. This would also reflect a new stock price of 2.50 per share. So today, while my stock is worth $1250, am I being lame to think that after a split the stock will be worth less? I don't get it -- a reverse split does not equal a loss in value....

By the way, there is one more thing: where is Vicar of Value? I miss him;
if nothing else, he was amusing as he did offer comic relief....

Scot's Slant