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Technology Stocks : Quarterdeck: Making a Striking Comeback!
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To: Vladimir who wrote (2111)12/29/1997 9:25:00 PM
From: Dave Triplett  Read Replies (2) of 3307
 
"What is the issue with a reverse split? What supporting data is there that this is detrimental? "
100% of the reverse splits I've been in (3)were nothing more than out and out stealing. Example; Say I had 10,000 shares at 50 cents ($5,000)and the company reverse's 20 to 1. Now I have 500 shares. The dumping (panic) starts and by mid-day my 500 shares are worth less than $2.00 which I try and unload but my limit order is not touched after 1/2 hour, the price is now under a buck. The above story is true except it was a 30 to 1 reverse and my shares are now worth about .16 cents.
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