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Re: RFB post# 47862

Thursday, 02/16/2017 10:13:56 PM

Thursday, February 16, 2017 10:13:56 PM

Post# of 81999
Many accounts take a day to reflect the 1 for 2 reverse split. Your account value does not change. For example if you had 1000 shares at $3 before the split then after the split you would have 500 shares at $6. The value is still $3000. No one lost value on the reverse split. Please reference this link which explains it.
http://finance.zacks.com/reverse-stock-split-good-bad-2298.html

Sometimes the account value is not reflected until the next day. Please see thus link which explains it.
https://community.tradeking.com/forum/categories/general/topics/10721-slow-update-of-stock-splits/forum_posts

In response to your and I quote

They will all wake up and realize...."what the?", "but the share price is 3.30, I should be making bank" only to realize they dont have but half the shares they used to



Hope that helps explain it to you. No need to panic. GLTU.
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