Reverse splits can work, but the company that does one has to have
posted on
Nov 27, 2007 05:44AM
cash, no debt, and a product pipeline to assure future revs. I don't think Pluistem has those requirements. At least they haven't announced it yet if they do. If they don't hit a home run with news very soon the shorts will eat this stock for lunch and then replace their shares for pennies. I guess what I am saying is don't put any eggs in this basket you don't want and can't afford to lose. High risk! That said, could also be high reward over a very long term. The problem as I see it is you are playing with a penny stock now worth dollars but without the infrastructure of a $5 stock. My opinion, the big guys will make money - the little guys will have to hold a long time to do the same. You have lost a lot of leverage with the 1-200 split. Good luck - I really like this tech but stock is just too risky for me.