(Total Views: 421)
Posted On: 10/28/2021 8:33:25 AM
Post# of 148878
Why are CYDY's enemies calling for a reverse split? Because when a company does a reverse split and gets its share price above 4 or 5, it enables small traders to short the stock. Some brokerages won't let individual traders short stocks that are trading under 2.00
I have seen it many times -- reverse splits allow the stock price to get pounded down back to where it was before the reverse split, by making it easier for shorts to destroy it.
I have seen it many times -- reverse splits allow the stock price to get pounded down back to where it was before the reverse split, by making it easier for shorts to destroy it.
(8)
(0)
Scroll down for more posts ▼