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Message: Re: Reverse Split Thoughts
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Apr 30, 2023 09:31AM

I've only seen it work once in about 50 years Veeeman - Clearly Canadian in the early 80's. They were priced similar to where RVX is today with a lot less shares out than what we have now. They were able to get the fully diluted number to less than 10 million shares and then ran it up into the high $20's before selling it for close to $30. Memory is a little fuzzy but I think that was a 1 for 7 reverse. Very few people outside of the box runner made great money. Neat story in the day though selling water that cost them less than a cent per bottle for over a dollar after adding some bubbles and a little flavour.

Brings your point home though, 1 company in close to 50 years after looking at well over a thousand opportunities over that much time is pretty slim pickens.

Once upon a time I looked at some stats on reverse split companies, the average drop over the month following the action was about 35%. Some of the junior miners were much worse than that.

tada 

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