So what is the aim of the company with a reverse split? Do they R/S and then just raise the outstanding shares? I dont see how it can be beneficial to the shareholders?Quote:
Originally Posted by billhart22
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So what is the aim of the company with a reverse split? Do they R/S and then just raise the outstanding shares? I dont see how it can be beneficial to the shareholders?Quote:
Originally Posted by billhart22
From what I understand it doesn't benefit shareholders. A reverse split is usually done to boost the avg pps and try to stop a downward spiral. Actually it is done to keep them from getting delisted on the major exchanges but mglg is not on a major exchange so that isn't in play here. They would do it to make the stock more appealing to buyers by not being as low but that rarely happens. On avg. a company that does a r/s usually has a decline in the pps of 35%-45% in the following year.Quote:
Originally Posted by thetree
On another note check out bcle. How's L2 lookin, anybody??
Very well stated. Usually a company does have a decline in stock price. Here is the other ditty with it. Say you have 1,000 shares and it R/S's at 1 for 100. Well you would have 10 shares, at the same value, but now you have lost all of your leverage by 100 times. So you really lose big time. It is terrible for the shareholder.Quote:
Originally Posted by atmgeek1
If the total number of shares outstanding comes down with your share count, your leverage should stay the same because everything in the deal happens at the same ratio, no?Quote:
Originally Posted by billhart22
whyyyyyyyyyyyy
what are the chances of picking a stock that literally drops 96%
i'm going to have to walk 20miles to get to work now :(
i just went to check on AQUI just to see if it was dropping.... but nope :( its kickin ass
The bleeding seems to have slowed. I actually talked with a friend that said he anticipated this and had a buy order in @ .0003. So some people are still buying, and he said that he was prepared to long to see what happens with the TVA NG power plant. Interesting play, very risky. I think all of the flippers got out and a few longs shaken by the action. All in all, bad day, but not irreversable. I thought with news like this we would see .0002 or .0001 so to close @ .0004 not too bad, considering
if thats where we close??
Everything you are saying is totally true. Here is where I see the hang-up. O.K., everybody knows that when a company reverse splits it is because management is saying....hey things are screwed up and we have to jack that price back up to either a) Look good, b) to prevent delisting on an exchange.Quote:
Originally Posted by thetree
Actually the best thing they could do is just make some money. That is why it always pays to see if a company has gone through a R/S before buying it.
Here is where I see the rub....you do the R/S for one of the above two purposes and if the stock is still perceived as crap, then it will only make gains or losses like it did before the R/S. In essence you have lost your leverage in share count. The R/S exchange is to make the stock look pretty as possible for the company. The stock will PROBABLY go down and you will just lose on that also.
Does that make any sense?
It is just not a good deal. This could very well happen to a company like MGLG. I am not saying that it will. I just brought it up because they were talking about it on the spoke.
Well ... hmmm ... I'm thinking tax write off
It has finally slowed down....It wasn't like it got hit by a bus....It just set it back a few months. I could recoup fast. There are 2,115,000 buy orders in and only 30,000 sell orders ... so there you go! :)Quote:
Originally Posted by atmgeek1
Oddly enough, though this looks textbook for a r/s, mglg may be too lazy to go through the motions:D. Consider the way they handle the pr's and such...so they may not care to make the shares look more attractive?Quote:
Originally Posted by billhart22
I have tears in my eyes from laughing at this! I wonder if they wear shoes in the office (Trailer).Quote:
Originally Posted by atmgeek1
Mglg whatever
Bcle decent day, starting to worry the rally is over
Behl quietly almost gained a peeny today, still not sure why it's this low
Qasp I'm confused a bit, I know the aquisitions were delayed, but for a real reason so ????? why the prolonged dip
Another thought about mglg, we may see another selloff in the morning when people who don't have access to the computer all day see what happenned and they get out first thing, I call this the OH SH%T crowd.
LOL!!Quote:
Originally Posted by atmgeek1
Good grief "This message is too short ... Please lengthen your response to at least 10 characters ..." Fine ... mglg mglg mglg mglg
Come on .0004! ... sigh
Bio-Clean International, Inc. Forms New Construction Entity
Last update: 9/3/2009 4:39:01 PM
HUNTINGTON BEACH, Calif., Sep 03, 2009 (BUSINESS WIRE) -- Bio-Clean International, Inc. (Pink Sheets: BCLE) () announced today the formation of American Construction Services, Inc. Bio-Clean International, Inc. will own a 49% minority interest in the new corporation, with John P. Finn, President of Bio-Clean International, Inc. and the newly-named President of American Construction Services, Inc., owning the remaining capital stock of American Construction Services, Inc.
James E. Shipley, President of Bio-Clean International, Inc., stated, "We expect that American Construction Services, Inc. will be granted certification as a Service-Disabled Veteran-Owned Small Business (SDVOSB) shortly. We also expect to obtain licensing as a contractor in the near future. Because of the planned status of American Construction Services, Inc. as a SDVOSB certified business, we believe that American Construction Services, Inc. will be in a good position to bid on and be issued contracts on numerous government projects, including those involving environmental clean-up and bio-hazard remediation through the use of our own environmentally-safe cleaning fluids and those of our Teaming Partners."
Mr. Shipley went on to say, "John Finn brings his years of experience in the construction business with one of the nation's largest home builders to the table. His knowledge of the industry will be of great benefit in ensuring the success of this new endeavor.
Oh shit!!!! just got home...does anyone no what the hell happened to MGLG!
Actually
was able to read the pr on my blackberry! What fantastic news!!! NLOL!
Will hold for now and cont to pickup some more to bring my avg down to.0005 Then when it pops.0001-.0002 can get the hell out with my ass intact!
Bill
I can now get L2 on my blackberry! Upgraded IStockManger for TDA and L2 appeared! Now just need to learn when the tide is turning so as to sell/buy at right time!
BCLE- hopefully, this new PR will cont the slow climb out of the grave!
QASP- up alittle, down alittle, up alittle...you get the point!
SPNG- teaming up with GETFUGU...WHATEVER THE HELL THAT IS...Don't want to catch it thats for sure! Actually, getfugu will allow you with a smartphone to be able to locate locations nearest you sell SPONGETECH products. Sounds as useful as TWITTER! but can't hurt!
Does it give you L2 on pinks and otcbb? I have it but my L@ is through scottrade so I dont have L2 on istockmanager but if it shows the pennies I may have to switch itQuote:
Originally Posted by just sirius