G gnome Jun 9, 2006 #11 Quote from Tonkadad: I don't like the sound of that. Does the stock go up in value relative to the conversion? More... Stock position does not change in value on the conversion. However, I've seen many, many stocks do a reverse split only to tank again immediately. Reverse Split to me is like a big flashing red light. Don't buy it... and if you own it, better sell. Reverse split is a desperation move.
Quote from Tonkadad: I don't like the sound of that. Does the stock go up in value relative to the conversion? More... Stock position does not change in value on the conversion. However, I've seen many, many stocks do a reverse split only to tank again immediately. Reverse Split to me is like a big flashing red light. Don't buy it... and if you own it, better sell. Reverse split is a desperation move.
