Quote:
Originally Posted by newport_maker
It looks like to me with 2 billion and 3 billion shares of USSE and SSTP, that surely JR could make a decision to authorize a 10 for 1 or a 20 for 1 reverse stock split to get this share price up to the OTC BB. This would at least generate some speculation that this company is trying to show that it is a viable business that can have a promising future. In my opinion we are never going to gain share valuation as long as we are on being traded on toilet paper (pink sheets). Example USSE has 2,000,000,000 shares divide that by 20 for a 1 for 20 reverse split = 100 million shares.
100 million shares @ .42 looks a hell of alot better than
2 billion shares @ .021
When you are 2 cents away from 0 it spells out
R I S K Y.
Can anyone tell me why this cannot be accomplished to build share wealth?
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You are kidding, or have no idea what you are talking about.Today's revers split is a crime against shareholders.Shares will be greatly shorted, and in 2-3 weeks, we will have the same price but 10-20 times smaller number of shares.Have a look at (RMDM:OTO).