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Armanino Foods of Distinction Inc. Message Board

  • reversesplit reversesplit Apr 3, 2008 10:43 AM Flag

    Why Split?

    Who in their right mind would split a stock trading at less that one dollar? This action causes me to have concern about the quality of the management of this company. Do they sit around and try to think of ways to screw shareholders? Brokers charge me substantial reorganization fees not to mention higher commissions for stocks under $1 and for the increased number of shares that have to be traded. First they try to weed out small shareholders with simultaneous splits to save money servicing them, then they reduce the share price to junk status by having 35 million share outstanding for a $16 million company. Somebody needs to take an undergraduate finance course. If they want to attract shareholders, quick screwing them, use your brains, and relist the company shares, not dilute them to junk value.

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