Taurus553
It may seem like a good move, but in reality, if the Company would go down because the value is not there, then they are delaying the inevitable. If the Company is really worth $20 million (approximate market cap) then the number of shares does not matter. (It just makes it impossible for some of us to short it again.) If people do not think it can go lower, then they could be in for a surprise. When the stock was $1.00, people swore it would not go down further. When it was $0.50, that was as low as it would go - rock bottom. Same again at $0.25, no way it would sink further. And now it is in the "teens" and we are running out of fractions. So, it will get delisted from NASDAQ and trade in the "crapshoot". Next, they will get punted from Canada's big exchange and end up where it started..... Kind of a funny cycle, and adding support to the saying, "What goes around, comes around."
If it is going to drop, it is going to drop, I believe the only difference is the time it takes to settle. Hey, I could be wrong. The shares themselves could have intrinsic value. If that were the case, Razorbak and I would be listing companies like crazy and issuing oodles of shares so everyone could get rich, because more is better, right.
FoxyLoxy |
