Citigroup did a reverse split and seems to be doing ok.... This is not a company threatened by going bust. What makes you so smart?.......I gave a few reasons why it makes good sense and you gave your words of wisdom. I'm interested if you have something to contribute other than that!
Citigroup is doing okay? That happens to be one of the devastating ones I'm talking about. It's all time high is over $500.00. Lets not forget after it's r/s with the new price of 40 it did go down to the 20's for a while. Shitigroup has a very long way to go for anyone to say it's doing ok. Why don't you compare how BAC is doing without a r/s vs C.
I guess you haven't paid attention lately. As I said FCSC did it right recently. Go read their reasons for doing it. That stock is controlled by Kirk, one of the best and brightest players in the bio space.In the past TIE did it well. There are many examples. But, it must be done to uplist, company must have cash, and it must be preceded and proceeded by good fundamental news. The uplist allows new players to enter the market. In vaso's case, it would not be done out of desperation, but to attract new buyers and to get the short player to cover or at least stop. It also allows new mm's to play. This would prevent the one mm we have now from controlling and manipulating, as it is most likely our mm who is shorting.