Don't get too caught up in anything that happens during earnings week. The volume was litte changed today from recent sessions (about 175,000). Just some weak sisters dumping before earnings (and before they soil their blu jeans). I don't believe they know a damned thing about earnings.
One last thing... if there is or is not a reverse split, it means nothing. You still have the same money in the stock. Stop obsessing about it!
wisker, here is my obsession. At 40 cents, we can only go down 40 cents. When they do a reverse split to drive the price up to $2, we can now lose $2. Not only that, but since there are so few shares outstanding, mangment will want to issue more shares at $1.5 thereby diluting shareholders even more. More downside, more dilution, more poop on shareholders. R/S means they have failed to launch product adequately. They got a bonus and a raise for not doing their job. forgive me but it torques my jaw.
the RS has nothing to do with the product launch; new audience needed and the rs is admission that there is no other way to get exposed to new eyes and ears. the reversal of CMS merited a bonus; the way and the timing was horrible; just another confirmation that Marty isnt great in psychology
If, as you say, they use the reverse split to degrade the value of the shares further, what happens to Marty's 1 million shares? If something bad is engineered for you and me, it goes in spades for those folks with 1 to 15 million shares! In effect, we are letting those with more money and more brains do what is best for the shareholders (including themselves).