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Message: Re: Yahoo poster claims a reverse split coming....

I should never have posted it in the first place...I just sometimes wonder whether brokers have an inside track on news like this, if there is going to be a reverse split there are things happening before the news comes down.  

If a consolidation is coming (reverse split and consolidation mean the same thing) I think 1:3 is the ratio that makes the most sense.  The PPS is $2.48 as of Friday for RVXCF, so close enough in my books to call it $2.50 USD.  1:2 would only get the PPS to $5 while 1:3 gets it to $7.50 USD.

Its been stated before, the signficance of being over $5 and how it would open up RVX to institutional investment....lots of funds are prohibitted from investing in stocks trading  under $5

The thing is, liquidty is so incredibly tight now and trading so thin....take our volume of Friday and reduce it by a third and it might as well be nothing.

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