Thursday, July 16, 2015 8:49:44 AM
Haven't been following this one, but I assume it was at .0001 when it did the 1-for-10,000 reverse split which (arithmetically) should have brought the price up to one dollar ($1.00) and the number of shares owned down by 1 ten-thousandth to 100.
I think the "50,000+%" calculation shown by IHub yesterday must have used the pre-reverse split price of .0001 as the basis, instead of the post R/S nominal price of $1.00.
So if you had 1,000,000 shares at .0001 worth $100 before the R/S, you SHOULD have had 100 shares at $1 worth $100 after the R/S.
Unfortunately, it never works that way in stinky-pinky land, and you actually now have 100 shares at .05, worth $5.
That's the 'rithmetic... hope that helps.
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