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Thursday, February 02, 2017 11:44:51 PM
Here we go.
Shareholders about to get F***** over from an up and coming R/S. Between a 1/5 and 1/15 Reverse Split.
CTIC and DRYS did this to us shareholders beginning of 2017.
AND NOW CBIO IS GOING TO.
The main reason: So they can all remain on the NASDAQ's minimum held share price rule.
People,....R/S decrease your amount of shares and elevate your purchased share price much higher.
If the current share price has dropped well below your purchased price....before this up and coming R/S........your F*****.
Example:
(This is straight from my CTIC shares after the 1/10 Reverse Split...at the beginning of 2017)
I purchased 22926 shares at $2.05...years ago.
The price (before the R/S)....was $0.41
After the R/S....my shares decreased to 2292....at....(recalculated purchased price)...$20.50....!!!!!
The share price last today(2/2/2017) was....$4.63
That means:........To even get back my money that I purchased at $2.05 from years ago....the share price has to go up to $20.50....(instead of my original buy price at $2.05)....!!!!
Do you know how long that could take...if it ever goes to that amount???
Years...or FOREVER!!!!
Back to CBIO,...a 1/5 R/S is harsh...but a 1/15 R/S.....is BRUTAL.
Shareholders with stock shares that depreciated from there purchase price are going to have a rage out moment.....if the depreciation is severe.
http://ih.advfn.com/p.php?pid=nmona&article=73762420&symbol=N%5ECBIO
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