bananaz

Sirius Reverse Split Only "to Satisfy Listing Requirements"

Based on Mel's comment, I think the lawsuit has sent a message to management that a reverse split in not desireable. However, whether the stock reverse-splits or the stock scratches and claws it's way above $1.00, what is to stop the shorts from running it dowan again? I believe the answer is nothing except for an improving balance sheet. I also prefer to avoid the split but the OB is where most stocks go before they slowly fade away. No institution will touch it.