This company has never been on the NASDAQ and in order to get on it for the first time they want to use a reverse stock split. Is this a sign of good or bad for the companies future?

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    5 Responses to “Is it bad if a penny stock company wants to use a reverse stock split to get their name onto the NASDAQ?”

    1. muaythaiguy on May 11th, 2013 9:36 am

      I think it’s a good sign.

    2. dude on May 13th, 2013 9:50 am

      Its generally a good sign, it means that they want to participate in a broader market.

    3. Common Sense on May 16th, 2013 12:34 pm

      As a general rule a reverse split is terrible. Statistically it’s a sign that things are really bad.

      Typical are stocks which are headed down that are trying to maintain their listing. If, as you say it’s to initiate a new listing… it may be a non event.

    4. InspectorBudget on May 17th, 2013 4:57 pm

      They have a stock price that cannot go up based on the usual fundamental parameters, so they are trying a reverse split to make it onto NASDAQ. A clever trick, but most hedge funds and mutual funds will see through this tactic.

      Their financial situation does not change at all, it will still be bad.

      Only individual investors will be fooled.

      I would not touch it with a 10 foot pole, but, it’s your money, and you’re the final decision maker.

      Good Luck.

    5. muncie birder on May 21st, 2013 2:56 am

      Should be an improvement. The company should get a greater following.