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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: R F B, Jr. who wrote (11058)	1/3/2007 12:32:58 PM
From: bryedge	Read Replies (2) \| Respond to of 11603

IMO, the reason penny stocks do a reverse split is because, one, they have sold too many shares already, two, institutional investors, for whatever reason, don't like large numbers of outstanding shares coupled with a "penny" stockprice, and three, because they are trying to raise the stockprice to "look better" for the major exchanges to acquire a listing above the pinks or the OTC. Universal Ice Blast, the example I used before, fits all three. No matter the reason, stockholders generally get screwed and nothing else is really accomplished, except facilitating a massive profit for criminal scumbags.