turning my 250,000 shares into 12500, best case, is painful. Yes its the same value after the split but my ceiling has been caved in on my head. 3 years of holding this stock down the drain.
Explain how your potential profit is cut down? (the only way that happens is if after the RS the company continues to use shares as currency and dilutes further. But if they need to do that post RS then they would have done it without the RS)
Sirius is not a biotech. Different business. It was a large business with HUGE assets that cost billions to put into place, that went bakrupt. Protection from creditors, with a negotiation process and then a still operating business, with real value, resulted on the other end, with no more debt, but lots of shares, and still great assets. Corporate reorganization. But the original shareholders were destroyed. Those investors usualy lose their investment to debt holders, who then either sold or waited for the return.
That's a completely different animal.
been listening to people dream about turning their .05 shares into a million bucks for years now; if you got a million shares for $50k, you got nothin to complain about @ .10share. you doubled your money for doin squat. $50k for doing nothing. take the money and run big boy. easiest thing you'll ever do. (and you waited too long - live and learn)