Yes, take a look at CYCC, it has doubled since it had a reverse split..but most of the time a company splits its stock so they can stay on the exchange and keep on trading...all of shipping stocks are down..we are probably near the bottom but how long we will stay at the bottom is the question.
Did management do a reverse for their salaries to reflect the stock split?
Silly - that's right - this is a Greek company - look at the trading volume -
Does it appear that Funds are rushing in to buy this stock now that it is not
a penny stock?
Count down has started - 8 , 7 , 6 , 5, ... Out of business.