IMO, this name will likely print below $21 after reverse stock split. I will reconsider this name in May/June 2014 when that happens.
Anyone has better ideas?
Wheres the scoop on RS?link please thanks in advance.
As a rule the pps usually drops 10 to 15% immediately after a RS. Personally I see no logical reason for a RS. JMO
I believe that, at some point, you will be able to buy SNV shares @ $20 a share post-reverse split ($2;85 current equivalent price).
I suggest selling now and look to repurchase SNV post split if you are interested in owning the stock.
post split the price falls to 18
If the price stays at 3.37, the price after reverse split will be 23.59. I believe reverse split will help, because more institutional investor can buy the shares. Just my opinion.