Q: SKE just came out with a news release stating that they are doing a 1:4 share rollback. I believe they are doing this so they can list on the NYSE.
I used to own this one but sold at a profit. I nevertheless may buy back at some point.
I noticed 2 dates were mentioned - June 7 and June 10. Can you explain what will happen and when exactly? Also, I have often seen stock prices go down (at least temporarily) after these rollbacks. Do you anticipate that the share price will go down with this rollback?
I used to own this one but sold at a profit. I nevertheless may buy back at some point.
I noticed 2 dates were mentioned - June 7 and June 10. Can you explain what will happen and when exactly? Also, I have often seen stock prices go down (at least temporarily) after these rollbacks. Do you anticipate that the share price will go down with this rollback?