Village Bank and Trust Financial Corp. (VBFC): VBFC completed a 1-for-16 reverse split...

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Village Bank and Trust Financial Corp. (VBFC)

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Enterprising Investor

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Enterprising Investor

Re: None

Tuesday, 11/04/2014 7:23:30 AM

Tuesday, November 04, 2014 7:23:30 AM

VBFC completed a 1-for-16 reverse split (8/08/14).

This deal was different.

There were no fractional shares issued. The number of shares issued to each shareholder was rounded up to the nearest whole number, if, as a result of the reverse stock split, the number of shares owned by any shareholder would not be a whole number.

I bought one "old share" share for $1.56. My all-in cost is $9.51.

Now, there is a reason to buy more.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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