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Thursday, October 15, 2015 1:50:10 PM
0.0001 x 1300 = 0.13 or 13 cents.
When a stock splits, most charts and historic prices are adjusted to reflect the split. So if someone owned 1300 shares worth 0.0001 prior to the 1 for 1300 Reverse Split, they would be worth 13 cents. After the reverse split, they would own 1 share worth 13 cents.
The stock was indeed trading at 0.0001 prior to the split which is 13 cents after adjustment for the 1 for 1300 reverse split.
The stock has LOST MORE THAN 99% of its value since July 22.
Hope that helps
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Good DD IS NOT just reciting the PRs and company handouts and looking for the good. Those things are never hard to find.
Good DD IS finding out what the company and CEO do NOT want you to know.
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