Thursday, May 25, 2017 8:45:57 PM
Since we had a 1 for 4,000 reverse split, a share of DVME pre-split at $0.0001 had the same value as a share of PEDE post-split at $0.40 (forty cents). So a PEDE pps of forty cents is your break-even point for shares you bought of DVME at $0.0001.
PEDE had its first (and so far only) trade today, when 287 shares traded at the bid of $0.045. So essentially a $13 trade reset the pps from $0.40 to $0.045 for the time being. Typically with pink sheet stocks, after there has been a reverse split, the pps declines from its initial reset point. But as you know, PEDE didn't just have a reverse split. A merger is also involved with the Russian company StroiTechSnab LLC. So anything could happen. We shall see.
Be sure to check out this really good post from Stervc.
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