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Re: jr09 post# 10655

Friday, 03/08/2024 9:55:15 AM

Friday, March 08, 2024 9:55:15 AM

Post# of 10759
The play was a penny stock.

Example
Purchase 100,000 shares at $.01 = $1000 cost
If price rises to $1.00 your return = $100,000

I think that is type of return investors seek when playing penny stocks.

Stock split 100 for 1 = 100,000 shares / 100 = 1,000 shares
If price rises to $1.00 your return is $1,000

What is the required share price needed to recover the potential earnings damage to shareholder from the reverse split?