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Re: whywilson post# 17844

Thursday, 10/15/2015 1:50:10 PM

Thursday, October 15, 2015 1:50:10 PM

Post# of 30835
The "13 cents" we are seeing is the split adjusted price.

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 big smile


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