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Re: Sprincenatu post# 5720

Wednesday, 10/21/2015 6:41:00 PM

Wednesday, October 21, 2015 6:41:00 PM

Post# of 22783
I dont have the filing in front of me now, just answering on my phone. If the date isnt specified in the filing, its usually anytime after 20 days of formal notification. Which you'll have to see what date it actually filed, not the date they decided to approve it, which i think was Oct 13th. Thats supposed to allow time for investors, due the theory of a reverse splits not really changing value. Yet real world always changes value right away. . However, when done at league minimum, of .0001, it wont matter. 20 days, 30 days, 60 days, no one will come in now to buy 1s. And if it takes 20 days still, many hopefuls will now get its over, and add everything to trip 1s, just in case someone comes over and buys with this looming, and not checking their dd. But any wait should just have it sit at no bid, no volume now, till the split. So its basically done. Then you got to hope it allows your broker account to sell the minute the market opens up the day of the split, cause you can bet many MMs for others will be liquidating fast. Why RS in these type stocks take a beating day one. While many online brokers are still waiting out their split hold periods, and their customers watching their bad situation get worse from trip 1. Insult to injury. Every online broker is different. I just know Etrade is one of the slowest. Any 0001 stock in etrade is even riskier, as no bid usually ends this way, and they are rarely cleared their customers shares day one of the new split.

Sorry for your losses.