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Understandable, but as long as you know 70.00

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Zorax   Saturday, 05/02/15 10:46:16 AM
Re: ok husband post# 33087
Post # of 33117 
Understandable, but as long as you know 70.00 or 700.00 per share is pre split value of .0007. You really believe there's a company here that is worth 700 dollars a share?
That's how ALL reverse splits work. Your stock is .0001, splits and starts selling at .10 but drops to .01 in days. Your account value doesn't change, you still start the new equity with that same 100 bucks worth of stock, only like 100 shares instead of a million. That means your stock is actually worth .00000001 or so now.

Reverse splits in the pinks are not about the common shareholder. Never have been.


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