Avoid a reverse split at all costs it means the company is in financial trouble let's take HMMY Helios and Matheson who used to trade at $4229 a share now worth .0008 a share. They own a subsidiary called Movie Pass which allowed you to see all movies for $14.95 in theater, good concept gone bad, they also did other electronic database systems type of things then were caught in a fraud scandal and stock plummeted. On March 15th they waill announce the reverse stock split and maybe how many shares of Movie pass which they are spinning off to see how company survives. It is my opionion if will not. Only the spin off from Movie Pass will. But as an unpopular product with consumers I doubt it will be profitable.
What I want to give you also are tools to see how to buy into new companies (IPO'S) and find stocks that do well so I give you"
To Find them and also:
www.seekingalpha.com to learn of daily corporate earnings reports. Just to disclose I am a writer for Seeking Alpha so I do have a Bias based on their or my reporting!
Donations: Paypal: firstname.lastname@example.org this is meant for entertainment and educational purposes only investments and purchases are your choice and I always recommend speaking with a licensed financial advisor before making any investment decisions.