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Technology Stocks : Worldwater Corp
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To: Skywatcher who wrote (376)5/19/2008 9:08:16 PM
From: Rock_nj  Read Replies (1) of 384
 
Not always. It all depends on why a company does a Reverse Split. If the R/S is done to keep the stock on a major exchange or get some financing through, sometimes the stock does well afterwards. PALM tripled after a R/S a few years ago. The problem with OTC:BB stocks is that they often do a R/S so they can sell more shares and raise money that way, so the stock goes down again. If WWAT does it to get on NASDAQ, that will be good, but otherwise watch out, because it could mean major dilution, and down goes WWAT.

The conference call today did not sound too good. They are losing money on both airport projects? No wonder this stock is falling. The news has been bad lately.

If WWAT went NASDAQ, I would buy a lot, because a new solar stock on NASDAQ is bound to do well. Perhaps Emcore (EMKR) will just buy out WWAT and fold it into their solar business. They already own 30% of WWAT.
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