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Re: pt trader post# 786

Wednesday, 12/21/2016 12:42:31 PM

Wednesday, December 21, 2016 12:42:31 PM

Post# of 989
If I'm understanding it right...the current 42 million common shares will be replaced with 75,000 new common shares to current stock holders (6 percent of the company)...that means if you're holding 50-thousand shares right now...you'll receive 90 new common shares in their place when the switch over happens (42 million÷75,000 is 580 to 1 split. 50,000÷580 is 90) if the company keeps its current value if 1.8 trillion dollars divided by the 31 million total stocks that will go to current note holders, creditors, and us...stocks would be worth about 58 bucks a share when the switch over happens.Take your 90×58...you'll have $5,220 when the switch happens which is a lot less than I'm sure you bought in for and a lot less than you would probably get if you took a loss and sold out now. Of course, my math is all speculative on numbers I've seen. I could be wrong. Good luck to you.

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