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Stocks are valued by market cap not share price. Long term share holders lose nothing in a reverse split. In fact a RS allows some larger players to get into SIRI. Most Mutual Funds and Broker/Dealers can't buy nor solicit stock <$10/shr to clients.
Nov 13 05:58 am
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All Comments by palu77 »Sirius Finally Provides Wall Street the Clarity It Demanded [View article]
The bottom line is if SIRI RS's 1:100 then the market cap is the same at $3 as it is at $300. People buy value not stock price and right now people are afraid that there will be no value in SIRI going forward that is why it is trading at $0.25.
Paul