posted
I am new at all this and I would like to know...is there anyway for me to know about a penny stock before it goes reverse split? are there any signs i should look for? also, is there any rules that provents me from selling before the split?
Posts: 7 | From: miami, fl usa | Registered: Dec 2004
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posted
taco bell gordita, first off you forgot the baha sauce, secondly reverse splits are in company news releases.lastly, you can buy or sell at any time.
Posts: 215 | From: new york | Registered: Dec 2004
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posted
It's in the press releases and also check the oustanding shares. If o/s is very high the company has a better chance or r/s. Check for any reverse split history, if a company has reversed in the past there's a high probablility that it will in the future.
Posts: 63 | Registered: Nov 2004
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posted
Reverse Splits have to be announced but there a caught to it. Most penny companies issue this r/s is a stockholders metting or PR in a non threating way so you still don't know when its coming. It goes like this. The board has voted to increase (dilution) shares to a certain amount in the future as needed for financing. We also reserve the right to do a R/S without notice in the future if the board feels its necessary for the best interest of the company. LOL Guess what it is now legal for them to do a R/S at anytime now. You may have to go back to old dd to find this to. Thats why message boards are so great. If you post a stock someone may remember an old PR or dd on that stock. Also on the main forum page there is a forum on R/S to post stocks that issue these statements or already have.
Ric
[This message has been edited by Ric (edited December 27, 2004).]
Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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