RS of 10:1 seems to be a useless endeavor IMO.

ANL....no argument from me there.Reverse split is in my opinion nothing

but thinly veiled transfer of wealth from small shareholders to large ones

(Promoters etal).Murray Pezim would do a reverse split even before float

reached 8 to 10 million shares, then more option were issued.Some time

large companies like City group woul do it as a last resort in order to

stay above treshold price required for listing on the exchange ie NYSE.

Or it is the last gasp effort as was Nortel,s.

One thing is sure RS does not create value for average shareholders.

GLTA,

Fossil