Invisioner, This is kind of a more general in
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Posted On: 09/15/2020 2:41:25 PM
Re: invisioner #55887
Invisioner,
Precisely the point. Didn't change the price ??? Are you kidding ??? The very mention of the RS brought the price from $4.84 to $1.98 (a 60% drop).
You might say that what brought it down was the panic previous to the split.
So, the question is: why did everybody sell when it was announced ??
Answer: because is not an urban myth/old wives' tale kind of thing.
How would you like NP announcing a R/S and we get a nice drop from, say $4 to $1.6. What would you call it ??? Panic ?? Urban myth ??? Wive's Tale ???
Whatever the name ... no thank you vey much. You correctly point out that this will not be the case with CYDY ... hope NP continues with the same attitude regarding R/S.
Quote:
This is kind of a more general investing question and doesn't refer to CYDY because I doubt we will ever reverse split: Why do people panic so much with a reverse split? It didn't change HGEN share value really. What changed it was the panic prior to the split.
Precisely the point. Didn't change the price ??? Are you kidding ??? The very mention of the RS brought the price from $4.84 to $1.98 (a 60% drop).
You might say that what brought it down was the panic previous to the split.
So, the question is: why did everybody sell when it was announced ??
Answer: because is not an urban myth/old wives' tale kind of thing.
How would you like NP announcing a R/S and we get a nice drop from, say $4 to $1.6. What would you call it ??? Panic ?? Urban myth ??? Wive's Tale ???
Whatever the name ... no thank you vey much. You correctly point out that this will not be the case with CYDY ... hope NP continues with the same attitude regarding R/S.
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