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Pardon my ignorance, but if you have a current price of 5 cents, and 5 million outstanding shares, then after a 1:5 reverse split, it seems to me you would have 1 million shares, each worth 25 cents, not $5...?
Larry
In a message dated Tue, 2 Apr 2002 8:40:48 AM Eastern Standard Time, jvc689@xxxxxxx writes:
> They lost $1.8 million last year, trades around $.05 per share and
> has about 5,000,000 shares out. The reverse split was expected to be
> 1 for 5 thus reducing outstanding shares to 1,000,000 and a
> possible
> price of $5 per share assuming same market cap.
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