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Ciena Corporation Message Board

  • manager201 manager201 Aug 31, 2006 11:11 AM Flag

    In my opinion ....

    anouncing a reverse split in this kind of market environment showed terrible judgement. I think management got some really bad advice.

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    • LOL....some people just don't care to (learn).

      Managers of firms doing reverse splits often express tremendous
      optimism regarding the firms. future profitability, as one would expect in order to
      prevent a large sell-off of shares.

      Under Federal Reserve Board
      initial margin requirements rules, stocks selling for less than a dollar are not
      marginable. Most institutional investors will not by stocks that are selling for less
      than $5, and some avoid stocks selling for less than $10.

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