GulfSlope Energy Inc (GSPE)

[smith199]

R/S often Catalyst to Enter Major Exchange (i.e. NYSE), and fulfill its minimum price per share requirements.

Often the previous value prior to the split is assigned to the reverse shares. This is common for delisted companies trying to leave the OTC pink and get back on a major exchange. (i.e. Completing a Bankruptcy Restructuring)

Example 100 share Reverse Split:
Prior Split - 100 shares @ $0.25/share = $25.00
Post Split - 1 share now equals $25.00

In my opinion.

BSmith