Nat gas much higher but XCO not trading well?
The amount of the loan really isn't that much money and I would think there would be many institutions willing to loan them new capital?
Sorry but your clueless! When you do the reverse if your cost basis is a lot higher than the current price your new cost goes much higher. If your cost base was 20 and you reverse split 5 for one your new base is 100 and the current price is 50 if the last pps was 10 before the reverse.Yes, I know having a cost base of 20 is similar to a cost base 100 but it seems easier to get back to 20 than getting from 50 to 100 to get even.
The reverse split is the absolute worst thing you can do for share holders. If you wear long at 15 your cost basis now goes up so high you will probably never break even. Plus my loss only shows up on HRI and not HTZ now.
Maybe it helped Icahn but f you were long above the market price you totally lost on this and may never get even! It makes no sense to me to screw shareholders who have supported HTZ like this.
Why has Platinum ought over 5 million shares since early May. This is reported on the fidelity site.