I was thinking of buying some, any recommendations, both pro or con. Why is it reverse splitting.
Thomas:
There is a LOT of information about this company and the people involved in it, in the past 500 messages or so. If you intend on investing a sum of funds into Oilex, you may want to read them over just to get some background.
That being said, the stock acted very strongly on Friday. Up 100% from its intraday low at one point, it closed much higher than any of us long-suffering stockholders had hoped it would.
The company says the reverse split was to raise the stock price so it can be listed on the NASDAQ Small Caps exchange. You know that would require a stock price of $4/share, so if they're serious, hang on to your hat!
Me, I am holding, and holding my breath to see what happens tomorrow and next week.
Cheers!
Rick |
