GEMXX Corp (GEMZ): Reverse splits keep the same cash value...

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TRAPPER JIM

Re: Midwestrader post# 13977

Thursday, 04/29/2021 9:15:46 AM

Thursday, April 29, 2021 9:15:46 AM

Reverse splits keep the same cash value in your account. Only the number of shares change. If you had 3 mil shares valued at $6,000 yesterday. You will have 600 shares valued at $6,000 today as well. Sometimes they charge a reorganization fee sometimes its not required. They typically wont know until a week or so afterwards. The symbol change is supposed to be able to take effect today. Meaning TD Ameritrade customers should be able to trade the stock at some point today.

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