Anyone can share in layman terms?
$Virgin Galactic (SPCE.US)$ Whats the benefit for them to reverse split? I assume it's gonna be bearish because when their price goes higher it will has more room to drop right?
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Iakul : They need to meet NYSE requirements to be listed by maintaining price above $1. Generally seen as a bearish move because reverse split is usually seen as a last resort
james mills7 : they get above a dollar so they wont lose nasdaq compliance. if we hold it will keep its value. and when delta finishes first successful test flight, this thing is gonna jump really high. maybe even a short squeeze when that happens
董事长 OP : Ok hopefully it really fly! I gonna hold!
james mills7 Iakul : but doing the reverse split will attract more shorting. if that is followed by good news then we might have ourselves a squeeze