Jun. 4 at 10:49 AM
$CHUC So, first off, let's address those who are absolutely terrified of a reverse stock split. These individuals are actually the reason why reverse splits are generally viewed so negatively. In the case of
$XXII, a reverse split is indeed every bit as negative as it appears! XXII needs one just to avoid being delisted from the exchange—in other words, because they are weak! Charlies is the complete opposite. We aren't undertaking a reverse split because we *have* to!!!!! We're doing it because we *want* to! We want to uplist... Charlies currently has too many outstanding shares, and the individual share price is simply too low! The total number of shares will be reduced! At the same time, however, we will achieve a higher share value! Anyone who stops to think about this right now!!!!! will realize—logically speaking!!!—that fewer shares means fewer shares available on the market. Part 2 (Down)
