posted
Okay folks, here is the deal. CDCI was CDNC. On Jan 23rd 2007 they did a reverse split at 30 to 1. AT that time the O/S was 534.6 million now it is 17.8 million. The stock was trading at .15 on Jan. 22nd. On Jan. 23rd the reverse split happen that morning. Nobody knew until after hours on the 23rd. The next day the PPs did not adjust for the 30 to 1 split. .15 x 30 = $4.50 Instead of adjusting the price dropped because Evergreen a creditor dumped their 130k of shares that can be released monthly. CDCI two days ago had 534 million O/S * .15 = market cap of 80million. Now CDCI has 17.8 million shares * .09 = 1.6 million market cap. Last qt. CDCI revs were 9.9 million. This is a over looked gem now!
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