2 million four hundred thousand shares on the old stock for the day. Now that is some serious volume. Just about the time that I thought nobody gave a #$%$ any more we have this huge volume. I would have to guess there has been someone or a group of some ones scooping up this stock over the past few months.
Nice to see a small bit of positive light in such a dark room huh??
This stock has already been chopped up beaten and chewed up -- now the company is proposing the worth thing they can do for the price of this stock, a 1 for 6 reverse split. I have been around these penny numbers for 60 years and very rarely does a reverse like this work out.
To the new management -- the Larson's and the funds that will vote this month , please consider this---
it is much easier to take a .36 cent stock to .72 cents then it is a $2.16 stock to $4.32 -- a double --- also it
is much easier to take a .36 cent stock to $1.08 then it is a $2.16 stock to $6.48 a triple.
If the reason is to keep it on nadaq there are other ways ie the stock CLPI, it has been under a buck for a couple of years. Management call this company & find out how they do it. I am sure there are many companies just like it.
My experience has almost always been with these reverse splits the stock works it's way back into penny's
Management -- large holders --- PLEASE RECONSIDER THIS VERY VERY BAD MOVE FOR THE STOCKHOLDERS.