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Alias Born | 06/04/2020 |
Wednesday, September 16, 2020 9:15:56 PM
I will say it again, this whole r/s vote is complete nonsense and could have be avoided. Also, word is they can do a r/s w/o shareholder approval so all TMDI management has managed to do is further tank the stock.
Correct (anyone) me if wrong: If I own 50,000 shares today and tomorrow MDT ($107.49) does a 1 for 1 stock BO my investment value is $5,374,500. Now, lets say I own those same 50,000 shares but TMDI does a 1-10 reverse split where I now will have 5,000 shares. After the split occurs MDT (same price for example) does a 1 for 1 stock BO, my investment value is now $537,450. So I went from over $5M to over $500k, correct? How is this maximizing shareholder value.
.25 isn't a lot of money and 7's aren't lucky. Ignore the noise!
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