Peabody Energy Corporation (BTU): No reverse split announced There has...

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Peabody Energy Corporation (BTU)

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Re: onedayyyyyyyyy post# 1334

Monday, 04/18/2016 11:45:40 AM

Monday, April 18, 2016 11:45:40 AM

No reverse split announced

There has been none announced. In a BK there is no need to do one. Usually, a company does a reverse split to meet minimum price requirements to keep the listing on an exchange like NYSE.

Since they are in BK, they get 'booted' off the of exchanges and stuck being on the OTC, so there is not reason to do a reverse split to get the share price up.

Louis J. Desy Jr.

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