CaliPharms Inc (KGET)

[rawman]

You are right, "kinda"! With the REVERSE SPLIT, the previous close theoretically doesn't matter. The market makers match buyers and sellers. Let's say the split happens after KGET closes at .0002. The next day the market makers snap into action and find nobody is willing to buy at the inflated .04 (.0002 X 200 split ratio). It turns out the buyers are only interested in buying at .02, which is effectively equal to today's .0001. Basically, with the KGET REVERSE SPLIT, your share count is divided by 200 and you hope like hell the price stays above .02. IMO...it won't!