Golden Matrix Group Inc. (GMGI)

[Johnk59]

For every 150 shares you had prior to the reverse split, you now have 1 share. For the next 20 days it will trade under the symbol GMGID and then will revert back to GMGI. In theory the value of your holdings doesn't change, as the price increases to reflect the reduction of shares, but usually after a reverse split most stocks continue to go down. So far, GMDI(D) has been up. The way I look at it, the overall benefit is there are a lot less shares authorized and available, so it should be easier to hold the price as long as they can continue to post a profit.