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Wednesday, May 17, 2017 12:59:02 AM
$.01 invested divided by $.0001 per share = 100 shares
1 cent is 1/100th of one dollar; not one cent.
Just try buying $.01 (one cent - also one penny) through your platform for investing, and you will see that you can only get 100 shares of this stock at $.0001. You will understand if you try. If not I would be holding one hell of a lot more shares.
Your error is saying that .01 is 1/100th of a cent, not a penny... $.01 is one penny or a single cent) it is 1/100th of one dollar ($1.00) sir.
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