Can anyone tell me why and what good will this 4 to 1 reverse split do for us. ( This is like the government and their printing press.) Will doing this make all that has gone wrong go away, we still have the same people in charge who are sailing our ship with holes that they put in it. What should we do? or what can we do?
Nothing for the present share holders. But the increase in share price will bring in more money in an offering. This is good for the co. at the expense of present share holders. "Could" help the future while you get screwed.
Not to mention they can later dilute shares for financing with another public share offering and insiders can squeeze more cash for themselves. A slow intentional painful death, nothing for investors in the end.