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Re: nickelandime post# 10582

Thursday, 10/16/2014 10:52:38 AM

Thursday, October 16, 2014 10:52:38 AM

Post# of 31039
People can make a profit on reverse splits if they get in at .0001 You get 5 million shares for $500.00. With the 1 for 1000 RS they will have 5000 shares when this opens back up at the new price. If it opens at .25 then those 5000 shares are worth $1250.00. If it opens at .125 then those 5000 shares are worth $625.00

After a RS opens back up they usually have huge wild swings up and down at a much higher price. So yes you can win. The best chance is to accumulate at .0001 since you use less money for a larger amount of shares. It's a gamble, but it works.