No problem, I'm short fused only about what these guys tried to do with the shareholders.
Hell, Matt is way ahead of where I was at 16. How many 16 year olds even know what a reverse split is?
BTW, if the SEC really wanted to protect shareholders, they would establish some cooling off period of say 1 or 2 months during which, after a reverse, companies could not print any shares, i.e., keep the authorized limited to the post split outstanding. Then, after the cool down period, they would be allowed to issue INCREMENTALLY more shares, with say 30 days notice.
It wouldn't be a cure all, but it would certainly slow down the gyrations and panic selling that reverses cause.
Just a wild late night thought.
TG |
