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Ecotality, AŞ Message Board

  • castsmooth castsmooth Mar 14, 2013 6:23 PM Flag

    Reverse split?

    I never know what to take seriously on this message board but I shutter to think about another reverse split.
    I originally invested $50,000 in Ecotality at $.31 per share. My broker told me they were going to introduce a hydrogen powered public transit bus in Los Angles within a month or two of my investing. Well, for those of you that have been around long enough you know that did not happen. They then gave me an additional 15,000 shares as a way to make up for not doing what they said. So, at that time I owned 165,000 shares of this promising company. Some time ago they did a reverse split at 60 to 1 to bring up the price per share and get on the NASDAQ. I presently have an $18.60 cost basis per share of a stock that never seems to move.
    Now , I see postings that they are contemplating another reverse split. In the mean time their executive types have pocketed large sums of money. I am aware that investing involves risk but this is ridiculous. Is there anyone else out there that has been along for this ride into financial oblivion. When does it end? They have turned my investment into a very bad joke. Please be aware of this pattern on their part.

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    • Have owned this stock for only 1 month watching it close and I don't like reverse splits so I may or may not bail out before I go Red .

      Sentiment: Buy

      • 1 Reply to alberard40
      • I was thinking that if it did happen,lets say a 3 to 1 reverse split,that would take 66% of the shares out of the market...Shares would be totally scarce..This is not like what happen to AEZS that had triple the shares of ECTY and then diluted again....
        So now your looking @ close to a $3 stock that has 66% less shares,if they do not dilute(yikes) ECTY could actually take off in price because of a shortage of stock...