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Friday, October 08, 2010 1:04:50 PM
The shares are decreased by X (divided by) and the price is multiplied by that same X
i.e. a 500 : 1 r.s. on a stock trading for .01 right now
You own 1,000 shares at .01 a pop total market value = $10
500: 1 r/s
you now own 2 shares worth $5 each ' total market value = $10
I fail to see how this is bad.
it's just changing #'s the proportions and ratios remain the same
i.e. 30/1000 is the same as 6/200
Just diffferent #'s
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