A reverse split , in this case, would be advantageous because many mutual funds have it in their charters that no stock under 5$ can be held .Thus the stock would now have many more prospective buyers . More buyers means higher prices.
widely held stocks, and is already over 30% institutionally owned. But I realize you are just some dummy only repeating a blurb you heard from someone else in an vein attempt to somehow make you look a tad sophisticated.
Argosy, not always. HEC was .50, a R/S of 10:1 and the stock was $5.00. Six months later, practially to the day, HEC was .50 again and today, about 2 years later it is .42. I believe without the R/S it would still be .42. The problem with HEC was weak management and they used the R/S as a coverup to protect the CEO and his groups of flunkies. The same as AGR is trying to do.