NBVG the opening PPS after last R/S maybe INCORRECT!!!!
This stock DIDN’T likely have the correct Bid/Ask value immediately following the Last Reverse Split!
The rule for reverse split is to “Reorganize” the PPS, using the Number of shares of a given portfolio so that the Market value remains UNCHANGED!!
THEN following this, the market decides where it goes from there.
NOT THE R/S!
The “CORRECT” value of the PPS following the last R/S should have been $5!!!
Instead it was .30 cents!!
THIS APPEARS MANIPULATED!!!
Proof?
Simple Math!
If you had 50,000 shares on a PPS of .0001, your market value would be $5, would it not?
Now on a R/S of 1 / 50000, such as in the case with this stock, done back on 01/09/2009, the following should hold true.
Your shares / (R/S) * PPS = Your Shares Owned
Shares now owned * PPS = Your Market Value, immediately following the R/S.
Therefore;
50000 shares becomes 1 share on a “1/50000” R/S.
Market value on .0001/PPS is $5.00 of you own 50000 shares.
Therefore; (Keeping the Market Value the same).
Market value on $5/PPS is $5.00 of you own “1” share.
But in this case, the PPS following the R/S was .30.
Your market value “OPENED UP” at “.30”.. What happened to the remaining “$4.70”?????
Of course AFTER the CORRECT posting of the "initial" PPS, the market can sway any way it wants. However, if the market changed “During” the R/S process where you’re unable to SEE your account activity to know HOW to proceed, then, you’ve likely been scammed.
I doubt it was an accident. You don’t get into the stock market as a trading company and have no clue to all the "RULES of the TRADE" -including all the sneak tactics.
The company makes off with the difference without you ever having the rightful opportunity to react (immediately sell) when trading became active.
The R/S done by this company appears manipulated!!
The SEC shell be notified!!!
Maintaining TRUTHS requires 'little to no effort' than Maintaining LIES.
