With all the talk about a reverse split for Sirius I thought the following would be interesting. I got an email today at 7:50 am touting Banneker Inc.
BANI.PK because they were doing a 12 for 1 forward split. What I find interesting is that the share price at yestedays close was $00.25 and today it is now trading at $00.46. Can anyone tell me why they would want to keep their share price so low and why the stock would almost double with this announcement?
Click here: BANI.PK: 0.42 +0.17 (+68.00%) : BANNEKER INC - Yahoo! Finance
http://finance.yahoo.com/q?s=BANI.PK