InvestorsHub Logo
Followers 40
Posts 3081
Boards Moderated 0
Alias Born 07/01/2012

Re: remjr195611 post# 1959

Thursday, 01/05/2017 5:18:46 PM

Thursday, January 05, 2017 5:18:46 PM

Post# of 2007
Remjr, the SEC decides when the split is effective. That following day, your shares will be changed from 20k shares, just for argument's sake, say at $1/share to 2k shares at $10/share; the $$$ value of your account does not change due to the split. The stock symbol will change too but both the split and the stock symbol change will automatically occur in your account without you having to do anything. If the split were to happen today, it would be $6.50/share (.65 x 10) and you would have 2k (20k shares divided by 10) shares. CLEARLY we are better off with what is happening. Thanks.