Sep. 6 at 3:11 PM
$LGMK If this company announced this
coming week a marketing agreement to
sell their products in India and or
China the share price would go a lot
higher. Maybe they can just say that they are
working on doing that or they are looking into
doing it.
Doing a reverse stock split especially a 1 for 300
or 1 for 750 makes NO sense and would be terrible
for all of the existing common shareholders.
Letting the share price rise on its own with some
good news makes the most sense for everybody
holding shares of this stock now.
If you now have 9,000 shares of this stock a
1 for 750 reverse stock split would mean you
would have only 12 shares of this stock after
that reverse stock split. Who the heck would
look at that as a positive thing? Even the 5%
holders of this stock and the insiders would have
substantially less shares after any type of reverse
stock split.
Reverse stock splits are NEVER a good thing for
the existing common shareholders that is why
shorts absolutely love reverse stock splits.
