19Mar/094
Citigroup Reverse Split
Posted on Mar 19th, 2009 @ 10:26 am by CY
Citigroup just announced that it might do a reverse split on the stock if it needs to. This won’t happen anytime soon but they are thinking of doing this before June 2010. IMO, reverse splits are very bad for the shareholders. It might be a good thing for the company because it may “appear” to [...]
Tagged as: citigroup, dilution, Economy, government, reverse split, shareholders, taxpayers