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Key Tronic Corp. Message Board

  • microcaptrader microcaptrader Jul 16, 2013 7:46 AM Flag

    OT: WPCS - There was a lot of chatter about this stock a few months back...

    and I read where it just under went a 1 for 7 reverse stock split to maintain its NASDAQ listing. With less than 1M shares outstanding, and a market cap of $4.3M, I'm wondering if management isn't setting up the company to be sold as shell. A reverse merger into a listed shell is an easy way for a private company to circumvent the usual IPO process and become public. $4.3M is still too rich for a shell IMO, but the situation definitely warrants keeping a watch on.

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