Someone forgot to reprogram the machines - it's HFT gone wild, haha. The joke is, r/s means absolutely nothing from a fundamental standpoint. All this movement up and down is just noise. Doesn't get them any closer to or further from access to Churchrock.
Not noise; reverse splits are always a sign of bad things to come. Shareholders can expect to see more value erosion, and at a faster rate in the new prices. $3.80 could easily become $1-$2 in 12 months (ot less).
Games designed to line the pockets of Wallstreet.
Is it any wonder that mainstreet has nothing but disdain for this game?
And Wallsteet claims they can't figure out why the public has fled the markets.
Agreed, jp7. There was an opening trade for 148,203 NEW shares (1,482,030 OLD shares) at $3.78/share (old $.378/share). You KNOW that had to be a pre-arranged trade. Shameful, really. And possibly criminal, or at least in violation of the spirit of SEC regs. Hmmm... maybe this needs to be reported....