Regent Fighting for Survival

[SirRoxalot]

Unlike Citadel, which just allowed its stock to be delisted, Regent is planning a reverse-split to boost share prices up enough to maintain listing on the NASDAQ exchange.

According to Taylor on Radio Info, the board has already approved a reverse split (combining several old shares into one new share) and will propose it to shareholders at a meeting on June 3rd. The idea is that investor are more likely to invest if they can FIND the stock listed on a major exchange.

Read more at Radio Ink if you're not a Taylor on R-I subscriber.

 

[heydaybegone]

Key words..."unlike Citadel". Good play on Regent's part from the Wall Street point of view. May or may not be successful, but a good sign that there is something of substance there. A reverse spilt ultimately is a wash for investors..but shores up what is left to work with. Mind you, no new working capital suddenly appears with this move.

 

[Element9]

Creative accounting. Reverse splits at this stage of devaluation are cosmetic, for exactly the reasons noted by HDBG. Just thought about how many reverse spilts Citadel would have to do to get its stock above $1. Let's see, at 6 cents a share? Beyond cosmetic.

 

[SirRoxalot]

At least Regent is trying to stay in the game. Trading OTC puts you off most people's radar. Of course, it's possible that Citadel is trying to stay off most people's radar.