Why are CYDY's enemies calling for a reverse split
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Posted On: 10/28/2021 8:33:25 AM
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.
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