Reverse Splits

Guys,

My biggest position just released a statement urging shareholders to vote for a 10-1 reverse split.  DO THESE THINGS EVER WORK? Or should I just take my losses and move on?   My thought is the shorts will just pile on again after the rs.

Not often...

BUT...Ive seen them work, it is rare.

Check out a stock like MSTR..it can happen.

Which stock is it, like JAVA?

  Only ones I have come across went down the toilet but I defer to others with much more experience than I.Personally it sounds like a definite "take the loss and move on" moment. What is your honest estimation of their prospects, if you did not have a dime invested in them before now?

JAVA is up over 3 bucks this morning on news that IBM is looking at buying them.

FN,

I guess IBM is full of stupid then..so pay double the price for a stock which is slowly grinding lower, lower lower.

 guess it wasn't such a bad thing CDE up 40% since announcement.  I need another 100% to break even though :)

PCLN did a reverse split and it worked.  Not sure if people ever recouped their value from before the reverse split but before the market meltdown that stock was in the $100+ range.

has a market cap now of $3.2 billion.