Novamex Energy Inc. (fka NGLE)

[scorpio71]

divide by 5 the number of shares you have and that's what you will have after the split.... So if you purchased 100,000 shares today, after the split you will have 20,000 - however the share price will be 5 times higher.

communication with IR at RioGrande (BLUG) indicates that they are just waiting on FINRA to push along the paperwork and initiate the reverse split and corresponding pricing change. They are still expecting this to take place this week.

You must take into careful consideration what is about to happen here, as it's not the usual scenario. The reverse split will affect not just the outstanding shares, but the authorized shares as well, the entire share structure will be reduced resulting in a much more favorable structure for a possible uplisting (speculated) and more eyes for better exposure in the investment community. If they follow up the reverse split with important financing news, you will see rapid price appreciation. The float here will be tiny after the split. If you go to their website, http://www.riograndepetroleum.com/ you can read the Independent Research Report and see the potential revenue figures. Basically anywhere from $700M to $1B in potential here, and an A/S of only 100 million should give everybody an idea of where this might head to.