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Submitted: 1245 days and 9 hours ago.
Category: General
Value: $10
Status: AWAITING CUSTOMER ACTION
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Hi,
REVSPL stands for "Reverse Split" which is a maneuver to get stock up above $1 & thus free of the danger zone that gets companies booted off an exchange. Managers typically cobble together as many shares as it takes to get one share worth more than $5.00 to win their reprieve.
Even though the intentions seem sound, it's better to look at a reverse split as a flashing red light warning that you may need to kick a stock out of your portfolio. As many as 75% of all stocks wind up trading lower after a reverse split.
   Let me know if you have any other questions & if this information has helped you. Thanks, Evelyn

Expert: Evelyn
Pos. Feedback: 100.0 %
Accepts: 1
Answered: 10/22/2006

Jack of Almost All Trades

I am married twice/divorced once mother of 3 who has a lot of on the job training on lifes exp.

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