Posted On: 11/11/2015 9:23:43 PM
Post# of 1714
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A secondary benefit of a reverse split is that by reducing the shares outstanding and share float, the stock becomes harder to borrow, making it difficult for short sellers to short the stock. The limited liquidity may also widen the bid-ask spread, which in turn deters trading and short selling.
One can only pray this gets rid of the shorts..I'm long baby..see the payout in 2 to 3 years..
One can only pray this gets rid of the shorts..I'm long baby..see the payout in 2 to 3 years..
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