InvestorsHub Logo
Followers 4
Posts 743
Boards Moderated 0
Alias Born 01/18/2010

Re: investorman85 post# 30917

Sunday, 01/18/2015 12:45:02 PM

Sunday, January 18, 2015 12:45:02 PM

Post# of 33394

Yes I can divide...but when they do the RS they are resettling the price at .001 not at $2 like it would be for a pure RS...



It really doesn't matter what the price is after the reverse.

First, they screw odd-lot holders. (meaning you have 2,500 shares, you'd normally get 2.5 shares in a 1,000 for 1 reverse, but they will erase 500 shares and give you 2. So even if it's at $2, your position was decreased because your ownership share decreased.

Second, and more importantly, they will issue a ton of new shares, and that will drive the price down. Ultimately, you'll see trip zeroes again, only you'll have a much, much, much smaller position then.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CIRX News