Thursday, January 29, 2015 9:22:53 PM
Not when there was a r/s 8000 to 1.
The stock was at .0002 when reversed, your account value stays the same post split shares per pps.
500,000 shares @ .0002 cost you 100.00
10,000 to 1 r/s split leaves you 50 shares and you would need 2.00 dollars when market opens if all else is equal to break even.
The market price isn't always close to pre adjusted however.
Another way to look at it is you had a company with a pps at .0002 for years, nothing changed except they filed for a r/s and left you decimated. arsc was over 1.50 or something for about a few hours while the insiders unloaded their shares mostly in private transactions while the market prices plunged. The pps stayed at .80 for a minute as well.
But you still have a .0002 valued company stock, and when the pps dropped down to almost sub penny, then theoretically your .0002 stock is selling for .000000002 or some ridiculous amount.
It's the same scam company, how would the pps be justified to be in the dollars?
It's all gone. I need over 5 dollars to break even.
Anyone hawking this stock now is only working the new flip prices or tying to get people to buy their holdings.
gltu
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