| 31. | No shareholders spoke against the reverse split, but it apparently became a vehicle for protesting the broader plan.
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| 32. | AT & T is proposing that the reverse split take effect after the Comcast deal is completed.
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| 33. | With the reverse split, the $ 2 in their plan is the functional equivalent of $ 1 a share.
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| 34. | But that price does not adjust for two subsequent splits in the stock, one of them a reverse split.
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| 35. | Palm Inc ., for example, had a 1-for-20 reverse split on Oct . 15.
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| 36. | As in the case of the reverse splits, this difference remained even after adjusting for market cap and momentum.
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| 37. | In a reverse split, a corporation reduces the number of its shares outstanding to bolster its stock's price.
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| 38. | The stock had a reverse split of 1 for 20 in May, and now trades for 62.5 cents.
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| 39. | BEC, which makes commercial lamps, plans to hold a 1-for-2 reverse split before the moves.
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| 40. | Other companies have tried that tactic, only to see their stock tumble back below $ 1 after the reverse split.
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