Thursday, April 19, 2018 7:13:54 PM
After the split, it never went down to 0.65 and then back up to $12. So if you bought at 0.65 and it went to $12, you had to have bought it before the reverse split then you road it down to 0.0054 and suffered the reverse split and then held it as it went up to $12. But if you did that, every 850 shares you bought at 0.65 were converted to 1 share.
So if you bought $10,000 worth at 0.65 that would be 15348 shares (10000 / 0.65). If you then road it down to the split that would have converted to 18 (15348 / 850) shares. Then, if you held those 18 shares until $12 the would have been worth $216 (18 x 12).
So you turned $10,000 into $216.
If you can show me I am wrong here please do.
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