Re: GKRichard / Re: My 2 cents on the R/S discussion
in response to
by
posted on
Jan 08, 2009 11:11AM
"Not necessarily, as at $6, a much different pool of potential investors could buy."
If there's no consistent revenue, those different pool of investors won't buy one share and investors will short the h%ll out of it. The SP will go from $6 back to .60 in a few weeks. People think there's a lot of shorting happening on the BB? The shorting on the BB is nothing compared to the shorting on the NASDAQ. Take a look at what happened with Pluristem (PSTI). They did a reverse split to get on the NASDAQ and are now trading in the .40s. Not pretty for shareholders. I don't know what their management was thinking - they certainly weren't thinking about their shareholders that's for sure.