Well, if someone is shorting this company, then although a reverse could hurt in the right instance, it helps as well. If its being shorted, it helps squeeze out shorts, and the float would be tightened (from 47mill shares which is quite a bit). Sort of a reverse dilution as well as a vehicle to increase the share price. If shorters are gone, and the float is tightened, and if news comes out in a reasonable amount of time, the share price would increase considerably.
In my opinion, WAST is making steps to improving things. I wouldnt jump to worrying about a reverse. There doesnt appear to be reason to do so at this time...do you think? Unless it needs to do so to keep their listing. At that point if they need to then at least we have shares, and wont need that wall paper paste. And if they time news to go along with it, then, well, we could be making money. Both of our points are based on speculation at this point so this is all hypothetical, but it keeps you thinking doesnt it?
The only reason Im in this is because of the low share price and the potential, as I see it, for a boom. But this is just my opinion we should all do our own research.
Roger |
