Thresher Industries, Inc. (THRR)

[kidnova]

It was a 1:4000 reverse split which means that for every 4000 shares you held pre-RS you now held 1 share. The stock was trading at .0001 before the split, so in order for the market cap to remain the same it would have needed to maintain a pps of $.40. On the first day after the split it closed at $.15 so investors lost 62.5% of their value before they even received their new shares to try and get out. As soon as the major brokerages received their new shares the stock plummeted to $.04 in less than a month, or 90%. Less than 30 days later it was sub-penny again.