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$CYTR,,, I will keep a watch on this next week. Ho

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Post# of 23080
(Total Views: 178)
Posted On: 06/30/2017 5:56:10 PM
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Posted By: OldSaltDawg
$CYTR,,, I will keep a watch on this next week. However, prior to the Stockholders meeting on July 12th, I will not maintain any positions. The Board wants a vote on the abililty to implement a reverse stock split of anywhere between 1-3 and 1-8 for any time during the next 12 months. As I have personally had a few negative experiences with reverse stock splits, I will have a couple of beers this weekend and vote (by raising my hand) to sit back and watch how the stock reacts. Sometimes a reverse stock split works great for a company, just not with the ones I have been involved. The last company I held a position stated the stock split would take place on a certain date out into the future. I woke one day, a week prior to the stated date for the split, and found the split had already taken effect. I will be out, take my lumps and move on.


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