Inovio Pharmaceuticals Inc (INO)

[MiamiGent]

Oh yes. Inovio has had several Reverse Splits. Since Jan 1, 2000 it has had two. Both were 4 for 1.
So folks had to turn in four shares to only get one back- twice!
So taking the share price at this moment .5565 divide by 4 for one split equals .139125 and then divide by 4 again for the second Reverse Split equals .03481
So, someone holding a share of INO since Jan 1, 2,000 is now worth three and a half cents (3.48 cents)
Now the company will soon be getting a Delisting Notice that they have to get the share price up over $1.00 or face delisting.
Inovio doesn't have a thing to pump, or else the insider would not have sold for a paltry .56. So it looks like Inovio is headed for another Reverse Split to stay a listed company and be able to continue to screw unknowing investors, to sustain the cushy salaries they enjoy. But they get about 180 days from receiving the notice to try to get it up. With nothing to pump, the clock runs down & companies are forced to do a Split..