41. RJR Nabisco shareholders approved a 1-for-5 reverse split of the company's common stock on April 12. 42. And after a 1-for-20 reverse split , also in 1995, the stock trades for about 82 cents. 43. That strategy has not worked for companies such as PlanetRx . com, which wound up delisted even after its reverse split . 44. In a reverse split , a company reduces the number of its outstanding shares, which results in a correspondingly higher price. 45. But after a reverse split , investors scared by the volatility of penny-stocks may be more willing to buy in. 46. They believe that when management lacks confidence in its company's stock, it is more likely to use a reverse split . 47. Palm common stock will trade under the ticker symbol " PALMD " for 20 days after the reverse split takes effect. 48. From time to time, companies will issue a reverse split concurrently with a forward split, making a reverse / forward split. 49. This year there was another reverse split _ this time, 1-for-50 _ leaving me with a mere 2 shares. 50. Over the last decade, 260 high-tech companies have done reverse splits , according to a report issued recently by Merrill Lynch.
