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Nextwave's Reverse Split Not Working
Maybe the stock price reflects the fact that it was a mere short squeeze that made it rise from the 10 cent cellar it fell to in the first place? Considering there are 2 employees in the entire company, I'm shocked it's doing so poorly, grin... This is a stock that's predominantly greased by day-traders and high school kids with Ameritrade accounts who pump and dump on various posting boards. The company's value and assets rival that of Datsun and Enron. Manchester got burned like all people who put money into this cipher. Smoke and mirrors, hype city. At least Manchester has the Grand, that is, for now. Maybe he should put pictures of himself up in NextWave's lobby, it's such a classy touch at his hotels, sigh.— July 19, 2010 4:20 p.m.