Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Liteglow (LTGL) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (3035)	9/4/1998 12:23:00 AM
From: Shadow	Read Replies (1) \| Respond to 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.