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Re: mfaphoto post# 192989

Tuesday, 01/04/2022 3:01:39 PM

Tuesday, January 04, 2022 3:01:39 PM

Post# of 224390
That's not how it works. If it is 1 for 10, you lose 90% of your shares, but each remaining share is X10. So your portfolio value does not change. It is AFTER that when the problems occur. You can't trade for 3 days, but any converted shares by lenders CAN and DO get dumped while you can't trade. They get the higher price, while you watch the sp drop past the RS value. I have seen it drop all the way to the pre-split value. Instant loss of 90% of your portfolio value. ICLD did just that with only a 1 for 4 split a few years ago. I got out just before the RS.