Here ya go Dave
Someone could invent a completely alternative source of energy, and ALL existing energy companies could go bankrupt - it's a possibility, but serves no purpose to mention here.
The chances are far greater that aspg does a r/s than someone inventing an alternative fuel source in the near future. Any new possible fuel source is years away while aspg could do a split at any time IMO. It's apples to oranges Dave.
You did not answer my question - you stated that an 80,000 to 1 reverse split would leave the stock price at .05. How do you figure that? I get a price of 80,000 * .05, of $6,400, at least initially.
Here's how. The share price would not end up being .05 after the split. If you owned under 80,000 shares you would only have a fraction of a share. You would be paid market value for your fractions.If the share price was .05 before the split and you had 70,000 shares before the split then you would be paid $3,500,well really less than that but you get the picture. But,you would hold less than 1 whole share after the split so you would have to take the market value since shareholders would be required to own at least 1 full share to remain a shareholder in the co.
Trust me on this Dave,it just happened in another co. I was invested in and it could just as easily happen here if they wanted to do it. In fact,the other co. that did this did get the "D" on the end of the symbol prior to the split. Now they are a private co.and most of the common shareholders were shut out and paid market value for their fractions.The co. went from having over 1500 shareholders to maybe 30,only the insiders and very large shareholder were left to reap any future rewards. Remember Dave,this was all just speculation regarding the "D".
