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Non-Tech : InvestRight Club Challenge
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To: Stroke who wrote (1128)3/26/1999 1:25:00 AM
From: RavenCrazy  Read Replies (2) of 2662
 
On the contrary, a reverse split will REDUCE the number shares in the o/s and float. If it's 5 for 1 at a price of 1 dollar, your 1000 shares will turn into 200 shares, each valued at 5 dollars. Hope I don't have this mixed up, but it's the way I've always seen it.

Reverse splits are usually but not always, bad. "but not always." Examples abound, but naturally I can't think of any to add except IMAL.

MDIH is, from what I know, a good stock. If they do the reverse split and no disaster follows (which I don't expect), then the halting stigma of reverse splits is over and there shouldn't be anything from moving us north on the merits, including earnings, of the company.

Raven
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