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  4. Nanotech Entertainment Inc. (NTEK) Message Board

I disagree. It will be a very real kick if they d

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Post# of 96892
Posted On: 04/13/2016 2:34:46 PM
Posted By: AlanC
Re: Stock_Hunter #57686
I disagree. It will be a very real kick if they do a 10/1 or 15/1 to any of the longs who have not been able to average down. For example if someones average is say .05 and the split happened today the 15/1 would bring the price to about .10 per share but the price would then have to get to ..75 for that long to just break even. I don't see a .10 share price solving a lot of problems for the company and I firmly believe the shorts will attack with reckless abandon driving the price right back down in "short" order. Surely you would think management would realize the reason they had to raise the authorized twice was because the shorts selling counterfeit shares had driven the price down so the shares they sold to raise capital were worth much less.
So here's an out of the box thought: Lets do a 500/1 reverse split upon approval of a name change and listing on NASDAQ? Go NTEK!!!


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