Re: GKRichard <$5 PPS
in response to
by
posted on
Jan 08, 2009 01:25PM
Reverse splits can make a stock attractive to many institutional investors who often do not buy stocks priced under $5 per share. They are also sometimes used to increase the stock price enough to meet a stock market's listing requirements.
http://www.morganstanleyindividual.c...
Be well