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China Natural Gas Inc. |
Can anyone shed light on the reverse stock split that is being
discussed in CHNG's 1Q09 statement? I am a novice trader and trying to
learn. I understand that the shares we hold in the U.S. have not
undergone the reverse split, which means that in the near future, I
will own half the shares I've purchased under the CHNG.OB. But what
are the financial ramifications of enacting a reverse split? Will this
move make the stock less desirable for investors, particularly large
investors who may consider this stock for inclusion into mutual funds?