No worries... you will be delisted by December, then go through a reverse split 10:1 Major dilution and you will be at $9.00
You. are quite astute! A rumor of reverse split of around 20 to 1 is cerculating. That will improve employee morale as we will be back in the $35 share price range! A win - win !!
A reverse split is an optical illusion. 100 shares valued at $ 1 each = $ 100 Apply a reverse split of 10-to-1, and now the investor will have 10 shares valued at $ 10 each or just the same $ 100 Who are you trying to fool? Or does your ego feels better to change the tune that your stock is now worth $ 35, versus $ 1 + change? Instead, after a deep reflection on how Acorda got to its current situation, applied the lessons, move on and try to salvage this company. MAGA all the way
Most rank & file are not savy about this. Hence the reverse split will provide a major morale lift to vast majority of the field....ie .the ones who are attacking our Leader. This is not meant to be demeaning to the r & f, but has proven to be a successful technique at other companies. If company freezes strike price of options then a true financial windfall for all.
So in other words, you are admitting that management has to resort to smoke and mirrors since they can’t drive business in any other fashion. BTW, congrats on that rebound Habib. Another’s 52 week low in the books. GO, GO, GO
