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Re: Traderfan post# 89

Thursday, 07/13/2017 3:27:02 PM

Thursday, July 13, 2017 3:27:02 PM

Post# of 1329
Say you have 1,000 shares at $3 before the split. Account value $3,000

After the split you will have your original 1,000 + (10,000 more, 10 shares for every 1 share) so you have 11,000 shares at $0.30 or a $3,300 account value.

What am I missing?

Essentially, the VNGE shareholders will receive approximately ten new shares of the Company's common stock at no cost for every one share of VNGE common stock currently owned by them.

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