Factors affecting a Reverse Split for SIRI
Does anyone know what are the chances that SIRI will perform a RS in the very soon to near future? I know the SIRI board approved a 1:10 to 1:50 split at the end of 2008 (I may be wrong). Now that we are potentially seeing a push of the delisting rule to July 19th, will we potentially see a RS before this date? I would hope that the stock would get pushed well over $1 by then, but it is wishful thinking. If SIRI was to perform a RS would it happen out of the blue or would there be any type of forewarning to common stock holders or would they have to go through a warning from Nasdaq to get the ball rolling. Any guidance would be appreciated...