Barbershores if price after split is 15 $3.00 time 5 how high do you see frontline trading by end of 2016 ?
a Reverse split drive price down Reverse split drive pride down repeat until shares become worthless. I have seen this so many times.
this reverse split is a real cause of concern and selling by investors will continue.
rogers thanks for your concern but do understand that the upcoming R/S will be the nail in the coffin for this tanker company. I dont see any upside after the split. Do you??
if they really want to stop the price from dropping everyday they should at least give some investors some hope or optimism about future earnings or at least talk about how healthy tanker market is. I don't think they even care were stock trades at.
Perhaps you can explain why FRO trades at 2.78 down 6% today and why with a record tanker rates and combined with a very healthy tanker market FRO cannot trade in the high 3 or even trading close to 4 dollars. In the past 12 months? It trades down here for a reason don't you think?
will bring the price right back down and investors will have much less shares. This is all part of the plan FRO will not make money for investors after the split. It will end up hurting stock price and shareholders will be take on more losses.