So, being a interested individual in a certain technology, I invest into a start up business that promises to help law enforcement catch the bad guys. After 6 years of working with this company, I must say that the technology developed DOES help law enforcement identify potential criminals. The stock is also not listed in the Pink Sheets, a pseudo stock market for charlatans, renegades and companies that aren't sufficiently sophisticated enough to meet the rules and guidelines of the larger markets like NASDAQ.
Up until very recently, I thought my invested in company was one of the later. Turns out however that the president of the company stood up before the financial community and investors last month, looked them in the eye, and said that there were no plans for any reverse stock splits. Now for those who may not know, a reverse stock split is rarely any good for investors.
Within 30 days of this pronouncement to the very people who invested in the company, the president comes out publicity and states that a 1 for 50 stock split is going to happen. So much for integrity. So much for Fairness and consideration of all the investors who have trusted in the management of the company. Thank you Locate Plus! I'm certain that many smaller investors will be encouraging the Securities and Exchange commission to look into insider trading anomalies.