Saturday, February 15, 2020 4:02:59 PM
I know people who leave small amount of shares in there accounts cause the commission is more than it’s worth to sell.
“A reverse/forward stock split is a stock split strategy used by companies to eliminate shareholders that hold fewer than a specified number of shares. A reverse/forward stock split uses a reverse stock split followed by a forward stock split.
A reverse split reduces the overall number of shares a shareholder owns, causing some shareholders who hold less than the minimum required by the split to be cashed out. The forward stock split increases the overall number of shares a shareholder owns. A reverse/forward stock split is usually used by companies to cash out shareholders who hold less than a specified amount of shares.
This strategy is believed to cut administrative costs by reducing the number of shareholders who require mailed proxies and other documents.”
I’ve spent a good amount of time going through BCLI and CLCS fillings to see if something similar has happened and can’t find anything.
While going through them BCLI dose proxies.
A lot of things are pointing towards a reverse/forward split
$IDAD
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