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100:1 Reverse Split ?
GM does anyone done any DD on this one? At .0001 should I be a buyer? Thx
That is unfair. I realize it is not an SEC issue, rather the trading platforms themselves, but it is still unfair to us retail traders. Too bad nothing will ever be done about it. I would start my own if I knew how and steal all business because I would even the field for everyone regardless if you are trading with 100 million or 1000.
I have sharebuilder and my account reflects 100:1 at .01. Maybe it isn't finish updating. As with all of you I will be frozen from trading a few days.
I agree. by the time were able to sell, it will be in sub pennies. I know this sucks, but there is slim chance this actually does go through a merger and PPS spikes with opportunity to recoup losses.
I do say slim but at this point only hope there is.
Yes that will be the open. I just bet there will be a lot of selling right away with a close in the .02-.03 range. I've had this happen more than a few times. Etrade never lets me sell right away. By the time I can put an order in, they have all lost more than 70% of their post split value. I doubt this one will be different
Wouldn't the reverse make the share value equivalent from .0001 with a 1000:1 a share price of .10?
Yes effective tomorrow. 1000 for 1. Same symbol. May have an extra "d" on the end for a few days. I use etrade and ameritrade and guarantee I won't be able to put a sell order in tomorrow. I bet it closes the day between .02 and .03
Did the reverse go through
Don't know, but it must have had something to do with it
What happened to the board? Did it erase bc of the R/S
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12/29/14
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