BIH Corporation (fka BIHC)

[morcash]

From post 253, A stockholders claim doubles the day of the Forward Split because the 24million held restricted inside does not receive the dividend.


In this case FWIW
30 million at .03 of which float is only 6 million
total value = 900k
Float holders claim = 180,000

3:1 split for floatholders
42 million at .0214 of which float is now 18 million
total value = 900k
Float holders claim = 385,714

So you'll have 3x as many shares that should have a value of about 2/3 original pps for an overall gain of (3*.0214=.0642-.03) .0342