Friday, November 27, 2020 12:17:22 PM
Do the math
Reverse splits are neutral I terms of dollar amounts. Using your aaumptions
Let’s say you have 50,000 shares... (OK)
If there is no Spilt SP could go to $10.... you have $500,000
(At Today’s Price That Is A Multiple Of Approx. 22.93577 (From You Lips T0 God’ Ears)
Here is the formula you used 50000 (shares) 22.935 77(hypothetical growth in stock= x .436 (current stock price) =$ 99,999.786 (Can I round up to $500,000?)
Now for the reverse split
1/10 RS you now have 5,000 shares (OK)
That means my 5000 shares are worth 43.6 cents each. But like before the stock will grow 22.935 77
Here is the formula you we need to use 5000 (shares) 22.935 77(hypothetical growth in stock= x .43.6(current stock price)= $499,9997.86 (Can I round up to $500,000?)
Reverse splits are neutral to the investor
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