Good explaination and reason for this choice........
Today, 03:36 PM #13173
blindfaith
HSM Newbie
Join Date: Oct 2006
Location: The Rock, TX
Posts: 43 Quote:
Originally Posted by head22
No...it means the opposite....if you have 3000 shares @$2 you will get 22,500 shares at $2 = $45K which is what 3000 x $15 per share
THAT is exactly correct. Went through this many years ago with UPS, when my husband worked there and it was still privately held and they needed more shares to distribute. They split them, but your personal $ value stays the same. It just frees up shares.
Need liquidity for NASDAQ!!!
