Royal Standard Minerals Inc. (RYSMF)

[jwblue74]

Good morning Dina, the PPS hasn't been adjusted for the R/S. If the PPS was .002 a 553 to 1 R/S would make the PPS $1.11. The 52-week high of this stock came on Friday at .126 & closed at .125. If the Canadian brokers consolidated their shares back in June or July (Conflicting what their PR states & FINRA) it didn't effect the PPS since this trades only on OTC Markets which is U.S.. This should open at $4.98 on Monday for the PPS adjustment from .009 which was the closing on Thursday. 553 x .009 = $4.98. The value of my pre-split shares should equal the value of my post-split shares until it trades again. I talked to my broker & he was confused why the PPS didn't get adjusted & stated sometimes it takes longer to adjust & should be by Monday. I've never seen it take longer to adjust. Usually, every broker locks the pre-split shares & the ticker trades with a letter D at the end of the symbol until all the new share certificates are distributed to all the brokers from the company's transfer agent. It can take up to a few weeks before all the brokers receive all the new certs. You can buy & sell the new shares on the open market with the new symbol & PPS adjustment. Most of the larger brokers will receive the new shares between 1 to 3 days.

BTW - You were spot on about the R/S.

https://finance.yahoo.com/quote/RYSMF?p=RYSMF&.tsrc=fin-srch

So i think it´s already adjusted because many could not sell and this was the reason it could go up from .002 to $.10.