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Ecomike

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Ecomike

Re: Koncrete post# 1691

Thursday, 05/19/2011 10:29:54 AM

Thursday, May 19, 2011 10:29:54 AM

Post# of 15795
It is 40 for one, not 1 for 40. 40 shares will turn into one share, and the price of the one share will 40 x the price of the old penny shares, so .065 x 40 = 2.60 per new share. The number of shares will outstanding will drop by 40 times.

The stock price usually collapses after such a split, as shorts like to short dollar stocks right after a reverse split.

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

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Volume:
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Total Trades:
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  • 1M
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  • 1Y
  • 5Y
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