And last month, there was a 1-for-10 reverse split!

The approved reverse split would raise that to $10.77.

No effective date for the reverse split was set.

There has been a reverse split in the meantime.

"With the reverse split, the $2 in their plan is the functional equivalent of $1 a share."

They believe that when management lacks confidence in its company's stock, it is more likely to use a reverse split.

Adjusted for a reverse split of 10:1 in 2002, it now trades at 27 cents.

A reverse split is the opposite of a stock split.

And after a 1-for-20 reverse split, also in 1995, the stock trades for about 82 cents.

In October, the stock had a 1-for-15 reverse split and now trades for about $7.