InvestorsHub Logo
Followers 4
Posts 421
Boards Moderated 0
Alias Born 08/01/2009

Re: None

Saturday, 12/19/2009 8:57:11 PM

Saturday, December 19, 2009 8:57:11 PM

Post# of 25731
I understand this but not sure I can explain it and I am not sure anyone will find it of interest but I did so I put it out here. I have been with this stock a couple of years (PNHL/GTLA). My original purchase price was (.15) fifteen cents. When PNHL converted to GTLA, there was a very nasty reverse split ( 2000 to 1. ) I felt very bad about that but I continued to follow GTLA. When the price got lower, I purchase more and then it got lower so I purchased again. This has allowed my avg purchase price to be reduced to .0048, which included TDA's commission. So I got to thinking how does this affect the reverse split. When I calculated it out, I was surprised at the outcome. At the current price (I used .0003), the split comes out to 16 to 1. So if the stock rises 16 times, it equals .0048 and I am in the green. Still not good but not as bad as I thought. I figured it a couple of ways but the easiest was to take the original total amount of money I have in the stock and divide it by the current amount of money the stock is worth at .0003. I am not even sure this is logical thinking but I think it is correct. One thing I am pretty sure of is someone goona let me know.


This post is as I believe it, as I remember it and, as always, just my opinion !!