iBio Inc (IBIO)

[JoeForkeyBolo]

The post referenced another post on 10/7/22 where an investor was adding shares in the $0.20 to $0.30 cent range.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170115116

On 10/10/22 IBIO implemented a 1-for-25 reverse split. While the prices in the $0.20 to $0.30 cent range might seem like a winner based on Friday's closing price of $0.6555 in after-hours trading, when one takes into account the impact of the reverse split, the shares purchased in that rage are at a HUGE LOSS in value.

Adjusting the closing price to the pre-RS value: $0.6555 / 25 = $0.02622

Calculating return of $0.20 shares: (0.20 - 0.02622)/0.20 * 100 = 86.9% LOSS

Calculating return of $0.30 shares: (0.30 - 0.02622)/0.30 * 100 = 91.3% LOSS

There are also posts by investors buying shares at $5.00.

Calculating return of $5.00 shares: (5.00 - 0.02622)/5.00 * 100 = 99.5% LOSS

OUCH!!! IBIO has been a TERRIBLE investment.