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ronning999

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ronning999

Re: jp7204 post# 16000

Sunday, 03/28/2010 4:19:44 PM

Sunday, March 28, 2010 4:19:44 PM

Post# of 17016
jp7204.

You have it all VERY wrong.

When a company does a Reverse Split it DECREASES the number of Outstanding Shares and INCREASES the share price accordingly.

Let's say a company has 2 Billion shares Outstanding priced at $0.0010 and they do a 1:500 Reverse Split. After the Reverse Split there are now only 4 Million shares outstanding and the share price is $0.50.

If you had 500,000 shares before the RS... after the RS you would have 1,000 shares. The total $ value of your holding would NOT chamnge.

"Taking advice from known stock promoters is like telling a pickpocket where you keep your money!!!"

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