Global Brokerage Inc. (GLBR)

[Alperburcin9988]

The November 1.50 strike will be after Split 15 USD nothing more

At least the global custodian knows at the split settlement day wich market members are short.
Each shareholder gets for 10 Shares 1 new . Right now there are 50.7 Mio Shares out that means after split only 5 Mio Shares

Example In 2011, Citigroup executed a 1-for-10 split that took its stock from around $4.50 a share to about $45 literally overnight.

Companies pull off reverse splits to keep their stock prices out of the cellar. In part, it's aesthetics and public relations: A stock price in the pennies-to-a-few-dollars range just looks bad. But there are also practical reasons: To remain listed on a major stock exchange, a company usually has to maintain a stock price above a certain Level