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Re: None

Friday, 05/27/2005 10:13:26 AM

Friday, May 27, 2005 10:13:26 AM

Post# of 286441
OT: Since such a hectic day you'll have to either read my sob story or turn on a soap opera. I was holding 60k of JRIV that I had bought a long time ago for .0074 ($444). It dropped to a miniscule pps to where it was worth about $10. They did a reverse split of 2000:1 with me ending up with 30 shares of new symbol JKRI worth zilch. Now they've done a 1:4 forward split, new symbol JKRV, and I have 120 shares at .024 pps ($2.88)....
That's not the worst part. This is in a small IRA account where I had only a couple bucks of liquidity and I can't add $ to the account (not allowed). The only other thing in that account is GZFX. Each time they have split I have been charged a mandatory re-organization fee of $20. To cover the shortfall in my account I have had to sell first 3,600 shares of GZFX and now 6,000 shares with each sale costing me $11. So I've paid out $62 in past 2 months for a stock that is only worth $2.88 and it would cost me another $11 to get rid of it. (I'll save money if they go bankrupt) Pardon me if a shead a tear or two.