Monday, May 16, 2016 7:26:06 PM
For example lets say an investor bought 100,000 shares at 0.08 cents before the reverse split.
With the first reverse split of 1 for 150 that would mean the investor would now own 667 shares.
Now the company intends to do another 1 for 150 reverse split in June/July 2016. Another reverse split would bring the shareholders total shares to:
5 shares left.
so taking a look at 100,000 shares initially bought at 0.08 cents would mean the person spent a total of $8,000.
With 5 shares of AMBS an investor would have to wait for the stock to hit $1,600 dollars per share just to break even. There is no way this is a gold mine, not even by a long shot. It's more like a money grinder.
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