Have a look at BLY now and see where it is ... 1c
Back in 2008 I bought A LOT of BLY shares from 20c, then averaged all the way down to 7c. It recovered back to about 47c then they did a massive CR and the sp dropped to about 24c. Guess what? The cow manure type wisdom told them they should CONSOLIDATE and they did a 10 for 1. So my shares shot up to $2.40 per share. Great isn't it? Look at them now it's at 1c!!!
Mind you I sold every single share I had in BLY and made about 20k. Could have made $178k if I had sold at 47c pre-consolidation and before the CR.
It's the most STUPID thing company do - messing with SOI.
Trading Halt, page-50
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Mkt cap ! $4.066M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3871494 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 2455709 | 6 |
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