HI Thy_Skisus, I am glad you are asking questions it is the best way to learn.
Cramer would not touch or talk about LLEG. There are no profits, plus we are still trading on the OTC (Over the counter) not the big boards (S&P 500, Dow, Nasdaq)
An OTC is a place that anone can create a company. You can even create a THY Skisus company that claims to be in BioMass and will generate the first wood burning power plant to rule the world. . . .LOL, but true. These are also called boiler room companies. Be very carful when investing in OTC stocks. There is no SEC (Security and Exchange) to monitor the legitamacy of anything coming out of the PR (Press Releases)
With a forward or reverse split you do not need to do anything for a 10:1 or a 1:10 split. You get ten times the number of shares at a reduced price or you get ten times FEWER shares at a more higher share price. You do not owe anyone anything. You bought the stock and you own a piece of the company.
Take the number of shares you own and divide by 3billion. This is the current LLEG authorized share count. This will give you the percentage of the company you own. Example if you own 3million shares and the authorized share count is 3billion you currently own .1% of the company. That will never change even if we split revers split 100 times. you will still own .1%. This is why splits are useless to shareholders. Now a SECONDARY OFFERING will kill shareholder value and will change everything.
