30 million OS x's $2 per share = 60 million. How many days did it trade at that price and higher? LOL! 157 million traded on this stock was EASY.
The 15 million stated as being an "investor loss" is subjective at best but is a simple average considering what the value was at the beginning of the halt compared to after.
I think the price dropped well under $2 leading to the halt so let's use that. 60 million USD value (OS X 2 bucks) before the halt. When the halt was lifted, people (including your's truly) were selling out from .75 down to .01 before subpennyland. Factor in averaging down and voila! You have 15 million shareholder loss... or there's about.
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.