InvestorsHub Logo
Followers 120
Posts 6397
Boards Moderated 1
Alias Born 04/25/2006

Re: laundryguy post# 75836

Friday, 05/27/2022 3:01:28 PM

Friday, May 27, 2022 3:01:28 PM

Post# of 81587
Yes Tesla was a forward split which is signified as:
5 : 1
Other wise you are getting 5 shares for every 1 share
that you own

With a Reverse split it is noted as:
1 :5
meaning you will now have 1 share instead of 5

It's confusing for sure but that's the way I was taught
about splits.

And here's a little history about "IDNG" which is now
SNDD, they did a 12:1 forward split back in 2008.

"In August of 2008, Oliver Creek Resources Inc did a name change to Independence Energy Corp and a 12:1 forward split raising the outstanding share count to 24,000,000"
.
Doesn't mean a thing for todays stock but it's just in the history of Redhawk

D_DOG

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.