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Re: freddy80 post# 4

Friday, 08/07/2009 3:39:37 PM

Friday, August 07, 2009 3:39:37 PM

Post# of 59
This stock just did a 200 to 1 reverse split. The price should have been 8.80. It was there briefly but you couldnt sell because the BID price was set to 6.00. Since that time a mere 883 shares traded and drove the SHARE price down to 6.00. Thats a drop of 2.80. Now the ask is at 9.50. But who is gonna pay 9.50 when the current SHARE price is only 6.00?
I could do nothing about this except sell at the 6.00 bid if I chose to. But if I did that then somehow I've been cheated out of my 8.80 reverse split price with no chance to trade it at 8.80. Now the stock is called WWOZ. Is this a temporary name? Why was I prevented from normal buy/sell at 8.80? And something is not right if only 883 shares traded today.
Can anyone explain all this?
Thanks in advance.