From the other board.. There are a few links here that some might find interesting... You be the judge..
everse Splits
Good or Bad, you might be surprised:
Public Acceptance
A reverse split also helps the issuing firm overcome the stigma that comes with a low share price. If the share prices of all competing firms range between $15 and $20 and only one stock in the peer group is trading at $2, this wide gap might make investors nervous. The reverse split will not remedy the true problems. But, at the least, it can prevent the firm sticking out like a sore thumb among peers.
Certain institutional investors, such as mutual funds, are prohibited from investing in stocks that trade below a minimum price. A reverse split may help put the stock on the radar of such investors and is therefore a good thing.
Read more at http://www.stockhouse.com/companies/bullboard/v.ptk/poet-technologies-inc#raieiU2wYqk5QWjz.99
