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Hi all you Fools! I need some advice on a stock. This stock is currently trading at .15 per share. The problem is their SEC report contained some troubling news,towit, they are having a shareholders meeting to vote on a reverse stock split at a 1 for 100 ratio. According to the company they want to do this reverse split to make more stock available and to satisfy some federal regulation? My experience with reverse splits tells me that the company is in trouble but is the explanation they give valid, are they being honest, or just trying to pull something? Interesting isi'nt it. Thanks for your help and Fool on.
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