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Re: Kizersosae post# 3315

Wednesday, 02/17/2021 11:12:02 PM

Wednesday, February 17, 2021 11:12:02 PM

Post# of 3647
Ive been in many reverse splits and this is first time i feel robbed.
Normally if i have 1000 shares at .90 then from a 1:20 reverse split
I should only have 50 shares at $18. Well at least the market should open at that price. If it goes down to $7 during that time then thats the market but in this case the stock never opened at 20X the closing days price..
Had something like this happen once back but shareholders were given a special dividend worth 1/2 the stock price which would be only way i can see this as being legal.
They need to answer for what happened here as ive never seen a reverse split like this. Fortunetly i dont have much but feel sorry for all the large share holders.
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