Re: Reverse Split, the good, bad and in between....
in response to
by
posted on
Aug 14, 2018 01:32AM
10BagR - Funny money or not it's still money. As GAC posted earlier today or yesterday there are many more institutions that can or will invest in a $10 or $20 share than will invest in lower priced shares. This will actually give the effect of having a turbocharger on the share price. More buyers and less shares outstanding, simple supply/demand economics. Your summation is correct that everything being equal a consolidation really doesn't matter as far as earnings goes. Speaking of earnings it would be reasonable in any case to not expect earnings from RVX for at least 2 to 3 maybe even 5 years, if they remain RVX.
tada