Is the 1-for-7 reverse stock split a good thing for those who are already in it?
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usually it is positive since they plan to uplist to nasdaq
If the business has the news, numbers, revenue, etc. going forward to maintain the post split price then yes it is positive. Too many times RS means a slow decline right back to presplit price (because they use it just to prop up the stock price) and now you have a fraction of your original shares – thank you very much!