siri sirius may have a rev split, Opinions?

[FXSTcmh]

siri sirius may have a rev split, Any Opinions are welcome!

SIRIUS XM Reverse Split Now Almost Certain (SIRI) – 24/7 Wall St.

[nyeard]

aig did it and look at them now

[DogDayTrader]

IMO It's due to the fact that they received notice from NASDAQ that they are not meeting the the listing requirements. A reverse split is the easiest and quickest way to raise the stock price above $1 to remain listed. I'm not exactly sure but I believe they have till some time in 2010 to raise their PPS before getting booted.

[FavStocks]

IMO It's due to the fact that they received notice from NASDAQ that they are not meeting the the listing requirements. A reverse split is the easiest and quickest way to raise the stock price above $1 to remain listed. I'm not exactly sure but I believe they have till some time in 2010 to raise their PPS before getting booted.

This is usually a sign the company is struggling and the PPS will drop 99% of the time. Then need to do a R/S to get around the Nasdaq rules

1 share at $10 is the same as 10 shares at $1 so theoretically the company should be exactly the same after a R/S. But since the sentiment is the company is struggling to meet the NASDAQ rules it will fall IMO

[Raoul]

This is usually a sign the company is struggling and the PPS will drop 99% of the time. Then need to do a R/S to get around the Nasdaq rules

1 share at $10 is the same as 10 shares at $1 so theoretically the company should be exactly the same after a R/S. But since the sentiment is the company is struggling to meet the NASDAQ rules it will fall IMO

The good news is that it becomes a good buying opportunity for those who are still bullish on this stock long-term. I'm into it for a few pennies, will plan to buy more if it gets punished by a R/S.