As I have stated over and over, I will not support a reverse split. Patriot even if everything goes 100% right is not a $20 dollar stock and never, ever, will be based upon the MMP. You must consider the numbers. How many PTSC shares will you buy today, right now at $4 a shot. You are bull shitting yourself if you think you would. Not only would it make it easier for Swartz to dump and as the price approached $3, he would stand pat and hope it was pushed back to $4 with good news. Then he and people like him would sell the rest . Of course, the 100000 shares you had is now 10000 shares and Glory be to God, good news arrives from PTO and April report and the stock rockets to $6(a $20,000 gain) but not for long as a selling frenzy pulls it back down to $4 - $5. This won't happen with a one trick pony? You guys are dumber than I can believe. The article often quoted on the Discussion forum STATES THIS AT THE END:
Despite some exceptions, the bottom line is that most reverse splits spell trouble because theyre simply cosmetic changes that do nothing to reverse ugly trends at a company. Perhaps Yogi Berra put it best. When asked once how he wanted his pizza cut, he quipped: "You'd better make it four. I don't think I can eat six pieces."
You guys have nothing on my hero. Go blow some smoke up somebody elses butt.