I'm not asking for much. Just one - two cent upday.
Keysmark
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I'm not asking for much. Just one - two cent upday.
Keysmark
LOOK who added more yesterday...
Goldman Sachs Group Inc Institution 0.00 % 2008-11-19 11,244,513
Just look at TMA
2 weeks ago it split from .40 to go to 4 dollars.
Now its back to .32 for yesterdays low and currently sits at .44 cents.
Just to show you they steal even more from you and just doing it in a different way that some just don’t grasp.
R/S are a joke.
AND…
Just a note: SIRI is looking for a Reverse Stock Split. On Nov 7, RBS (Royal Bank of Scotland) had a Reverse 20-1 split. Their stock was at about $1 and it split to $20. Today it is at $12.58. Is this just another way to have more room for SIRI to go down. At least .15 there is not much room to go down. If SIRI gets a 50-1 split and it goes to $7.50 you suddenly have less shares and it could go down to .15 again.
I think I’d rather not split. Based on History, it won’t help. I could be wrong…Any other Thoughts?
personally I feel since it seems (to me) that all of this price is based on perception that yes, a RS would immediately tank the stock again, unless perception changes.
Im thinking id rather see perception change before the RS, But who knows, on the other hand if its timed right we could go up on perception with the right news after an RS....so many possibilities...
Quote:
Originally Posted by SiriusHope
I did mention it in one of my original posts. I said that if they did have a reverse split, the damn stock was going to go back to pennies.
Still, getting delisted is a major drawback and a step towards chapter 11.
See, if Sirius gets delisted from NASDAQ, they have 2 options, trade on the OTCBB or the pink sheets. It will most likely be the OTCBB. If they remain there for a long period of time, then institutional investors will stop adding shares, analysts will stop following the stock and it will suffer a loss in investors confidence. All of which is bad.
Now, you will still own the shares of the company if you choose not to sell them, but again, getting delisted from NASDAQ is the first step towards chapter 11.
So what are the options right now ?
Vote yes for the reverse split.
Vote yes for the issuance of the 4.5 Billion shares.
At least with that you have a better chance that the company will stay afloat and you will give them the chance to recuperate so you can get your money back.
If our stock trades lower 10-12 it may sound crazy but i think i will add to my position another few thousand shares.
We are trading in a tight range of 15-16 so maybe the dust is settling.
If your talking about bank of scotland.. its a financial stock of cource it went down:out: the qlf is down 75% on the year.. I have found several stocks that have done well after r/s its more based on the # and strength of co.
we get refinanced we are good:thumbup:
I am not an expert by no means but I have already dealt with a reverse stock split and I don't want another. My confidence is already shot. I know that if a reverse split happens my investment will never be recovered...at least penny stocks can increase no matter where they are traded. I would rather take my chances with 11,000 shares of penny stock instead of 1,100 shares that probably will never reach the price I paid, and that is at the 1-10 split. Am I wrong? It will be even worse if it splits 1-50!!!Quote:
Originally Posted by Siriusowner
Issue the 8.5 billion shares @ .15 a share. That is an immediate $675,000,000 cash. That plus the reserves covers all debt, share price pops. Financing solved....for now.
I think reverse split just gives opportunity for more dilution. Yeah, more shares opens up opportunity for more dilution, but at current price, we don't have much more room to drop.
There's 2 choices only, either one is nasty. Whichever you pick is your own choice, just be informed when you do that.Quote:
Originally Posted by Siriusownerjlk
Once the stock gets delisted, it will not be easy for them to get back to the NASDAQ and you will most likely loose all you investment in BK. But again, its your choice.
They will issue "only" 4.5 Billion more not 8.5 Billion.Quote:
Originally Posted by Sundevil
The reverse split will not dilute the equity. It is just so that they can meet one of the NASDAQ requirements.
I understand that the reverse split will not dilute the equity, but I do feel that the price will not hold and we will still be trying to satisfy the Nasdaq's $1.00 Minimum.
I do have a question though...If there are 3.25B shares outstanding today and they do a 50:1 reverse split, that leaves 65 million shares outstanding at a theoretical price of $7.50.
They then issue 4.5B more shares for a total shares outstanding of 5.15B shares. How in the world can they maintain share price if they now have 42% more shares? I realize the reissue will generate cash, but quite frankly I don't see anyone paying $7.50 out of the gates for this stock. I think the shorts will drag it back down into the dirt. Why wouldn't they, now we have more shares for the same company.
I still consider myself a newbie at this stock stuff, so thanks for your patience.
Well, I did get 2/10ths of a cent. I guess that's a start.Quote:
Originally Posted by Keysmark
Keysmark
SIRI closed at .14 or unchanged for the day. There was a manipulative trade for 300 shares @ .14 that passed through at 16:00:33.........Quote:
Originally Posted by Keysmark
Quote:
Originally Posted by Sundevil
Upon approval of the additional shares, the float will automatically increase to 8 billion. When (and IF) they do the reverse split, those will be reduced. They will not RS and then have another 4.5 billion shares to throw out there.
there was a 2.9 million share just before that trade you stated that brought it down to .14 from .15Quote:
Originally Posted by Demian