Thread: Nasdaq “Minimum Bid” Warning

is it a valid assumption that if a reverse split occurs and the stock price then sets to a certain threshold, then institutional investors and mutual funds will be able to purchase this stock in large quanities. this would result in upward movement in share price...no? this is just a general question i have after reading some other comments on satwaves.com . thanks for any feedback. -Christian

Sirius Gets Nasdaq “Minimum Bid” Warning; Could Lead To Reverse Split http://bit.ly/uACjA Sirius XM (SIRI) this afternoon disclosed that it has received a notice that since its stock price has closed below $1 for 30 consecutive business days, it is out of compliance with Nasdaq listing rules. The company has until March 15, 2010 to regain compliance. Sirius said that if the company’s shares do not trade at a level likely to result in...