Re: My thoughts on Reverse Split

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wanttoretireearly

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Re: My thoughts on Reverse Split

in response to

My thoughts on Reverse Split

Aves99

posted on Jul 13, 2014 07:59PM

I can tell you that there is one more thing that you did not expect last week (it's after midnight here) and that is welcoming a former CEO of Globalfoundries (GF) Mr. Ajit Manocha to PTI, actually no one expected this.

btw.

In the last news realese, it's writen that all directors (I'm sure this includes Mr. Manocha) did signed off on PROPOSED reverse split (and remember it's proposed, meaning that it might happen or it might not). The question I'm aksing myself is, why would they annouce this after Mr. Manoch came on board of PTI team? why now? PTI is not going bankrupt like most companies were when doing reverse split, PTI has money, share price went up almost 800% from lows of $0.20 (OPEL then, almost went bankrupt) and it did not do a reverse split, so once again, why now? I think PTI has something up their sleeve, IMO. (GF is a short name)