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.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM