Sunday, April 24, 2016 11:46:12 AM
Lets say theoretically someone before the first reverse split of 1 for 150 had 100,000 shares at .05 cents per share average. The first reverse split would bring your share count down to 667 shares.
Now fast forward today, then another reverse split of 1 for 150 would bring you down to 4 shares. So with 4 shares how would you hope to get your money back? If you original investment was 100,000 shares at .05 cents = $5,000. To get your money back with 4 shares the share price would have to get to $1,250 just to make your money back.
This is just to give people a perspective on how these long-term shareholders will get wiped out again in June.
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