Friday, November 16, 2018 5:06:45 PM
PACDQ, that one confused me. it doesn't say you'd receive $19.62 per pre-split share, it states:
holders of fractional shares will be paid out in cash for any fractional interests based on the implied plan value (or $19.62 per share), which is not expected to be material in the aggregate.
So I'm guessing its $19.62 multiplied by whatever fractional share you have after the reverse split.
That would suck!
if you bought 9999 shares at $0.10, (costing $999.9) you'd have .9999 shares after the reverse split, and receive
.9999 x $19.62 = $19.62 for the "fractional interest"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144945502
holders of fractional shares will be paid out in cash for any fractional interests based on the implied plan value (or $19.62 per share), which is not expected to be material in the aggregate.
So I'm guessing its $19.62 multiplied by whatever fractional share you have after the reverse split.
That would suck!
if you bought 9999 shares at $0.10, (costing $999.9) you'd have .9999 shares after the reverse split, and receive
.9999 x $19.62 = $19.62 for the "fractional interest"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144945502
============================================================
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
