I, sincerely, question the motives and intelligence of anyone who pushed/voted for that reverse split. They stated split in late 2013 with a major US market and we split early 2013 and still on the bullies. Am I taking crazy pills, or just one of the select few who see reality? This will have to trade @ 7 bucks just to reach the previous .85 cent range; we would have held the .80 cent level without the split. Foolish, I tell yea, foolish.
It sure seems crazy and sure seems like this stock is 8 times cheaper than it was before the split and therefore an 8 times better buy. It is unbelievable. I am new to the market, and this last month or so I got whacked by a 10:1, an 8:1 and a 5:1 rs and all were pm miners. Boy howdy, did I get a lesson. Not only did the shares fall, even though they should have risen, but I got socked with $60 in "reorganization fees" from my broker. To me, it makes zero sense but I assure you if any other of my stocks decide to do a rs, I'm selling the second I know. What a bunch of #$%$.