Because stock price has reached $1. Management does not have to reduce total number of stocks which will reduce a lot of stockholders' best interest.
Management must have found a way to keep dcix above $1 so they can avoid delisting.....big volume too......they should sell dcix.....but what do i know....dsx it's parent could use the money
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If only they had the equity to have the option of not splitting. Unfortunately, because of gross mismanagement this stock will never trade high enough to qualify for continued NASDAQ listing requirements. You are right this thing will most likely lose a 1/3 or 1/2 it's value post split. Maybe it would be better longer term for this to be trading on pink sheets.
However, with management known incompetence, i am expecting a 1/10 or 1/20 followed by a mass offering (maybe 30-40% dilution). The scenarios are so ugly for this pos. Personally i would never invest another penny this company... In fact most shipping companies will not survive a 2 year bear market. This company and others like it will be among the first to sink.
shameful greek pumper. Taking your advice would of led to an immediate 18% loss.
Spewing such worthless nonsense... Maybe you should be all in on this ponzi?
Sentiment: Strong Sell