Lucky2828OP :
The main reason for reverse spilt is due to the stock price don't not fullfill 1 dollar obligation in Nasdaq ruling. It may lead to delisting. Hence a lot of penny stocks will go for reverse split in order to stay afloat. If there's no negative new on the company, it will not hv any impact except u own less share.
71863268 : not
Lucky2828OP : Read the announcement before u comment.
胖胖的小弟 : Is this good or bad?
Lucky2828OP : The main reason for reverse spilt is due to the stock price don't not fullfill 1 dollar obligation in Nasdaq ruling. It may lead to delisting. Hence a lot of penny stocks will go for reverse split in order to stay afloat. If there's no negative new on the company, it will not hv any impact except u own less share.
71863268 : WRONG!!!!!
Lucky2828OP 71863268: What wrong? The company already schedule 6th September shareholder meeting to vote for stock reverse split.