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Microcap & Penny Stocks : Liteglow (LTGL)
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To: Daniel Miller who wrote (3035)9/4/1998 12:23:00 AM
From: Shadow  Read Replies (1) of 4715
 
A reverse split would be the end of this stock. It would take
a 1 for 50 split to get to $1.
Say you bought 100,000 shares at .07.
You spent $7,000
Now your investment is worth $2,000
Once the date of the split is announce the price would collapse.
It would probably be below a penny before the split date.
After the split you'd have 2000 shares and you'd need to see a price of $3.50 to make your investment worth what you paid of it.
I'm sure someone knows of a case where a reverse worked out, but I don't know of any.
In can case like this a reverse split will usually turn your investment into wall paper.
This stock can be saved, but a reverse split is not the way to do it.
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