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SEAHAWK DRILLING INC Message Board

  • lionwords lionwords May 19, 2004 8:25 AM Flag

    Reverse Split

    This is going to be interesting to see what the price does today. My question is, what if the stock price drops, do they do another 'reverse split' to keep it on the exchange. Remember this stock traded in the $1 range a while back. I am not sure that $8 or 9 is sustainable, even though I like the company.

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    • the thing is they want to be at least above 5 dollars for the whole thing to work, that's the reason behind the whole reverse split thing. which means the stock will not go down less than 2.5 from now to the 26th, if it does, another split will be in place. but I highly doubt it.

 
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